The Bulgarian Ministry of Power has introduced that the BGN 240 million ($134 million) rebate scheme is now open for purposes from households searching for to put in photo voltaic water heating methods and rooftop PV arrays, probably together with battery vitality. storage methods.
The Bulgarian Ministry of Power has launched a photo voltaic rebate scheme price BGN 240 million to assist households cut back their carbon footprint and decrease the stress on their electrical energy payments.
The ministry stated Tuesday that owners can now apply for financing for photo voltaic water heating methods, in addition to rooftop PV methods of as much as 10 kWp, which could be paired in battery vitality storage methods. Purposes shall be accepted till Nov. 10.
After the ultimate approval from the European Fee, a complete of BGN 140 million shall be distributed from Bulgaria’s Nationwide Restoration and Resilience Plan, with the remaining quantity from extra state and personal funding. sector. About BGN 80 million shall be distributed within the first spherical of funding.
Beneath the long-awaited financing scheme, the price of photo voltaic water heating methods could be financed in full however as much as a most of BGN 1,961. PV methods not exceeding 10 kWp shall be financed as much as 70% with a most quantity of BGN 15,000. To obtain funding, households should be the applicant’s everlasting residence and use an inefficient heating supply, similar to wooden or coal-burning stoves, boilers, or fireplaces.
In keeping with SolarPower Europe (SPE), Bulgaria will attain 1.5 GW of cumulative put in PV capability by the tip of 2022.
“Bulgaria’s photo voltaic goal stays low as PV will solely account for two.6% of electrical energy in 2040,” stated SPE in its 2022-26 EU photo voltaic market outlook. “But Bulgaria advantages from a excessive price of irradiation, particularly within the south of the nation, and has important photo voltaic potential, which isn’t mirrored within the present goal.”
In 2020, SPE predicts Bulgaria will hit 3.8 GW in 2024, thus exceeding the 2030 goal. The momentum is predicted to be primarily supported by unsubsidized large-scale photo voltaic tasks constructed below buy agreements in electrical energy (PPA).
Nevertheless, in October 2022, the Bulgarian electrical energy system operator revealed that it’s accepting purposes to construct new renewable vitality tasks with an combination put in capability of greater than 24 GW – double the nation’s put in producing capability. It stated that new tasks require a big enlargement of the grid and that it’s speaking to potential traders about required actions.
Bulgaria’s vitality fleet is dominated by lignite and exhausting coal-fired energy stations, with 4.5 GW. Non-hydropower renewables encompass about 2.3 GW, hydro 3.2 GW, nuclear 2 GW, and pure fuel 600 MW.
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