A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand, they announced today (28 November). [pdf]
Under two calls in Bulgaria, developers of 249 projects will receive EUR 268 million in total state aid. The programs are for renewable electricity plants with energy storage units. The Bulgarian Ministry of Energy said it completed two funding rounds under the National Recovery and Resilience Plan. [pdf]
generated 12% of in 2023. By the end of 2020 about 1 GW of solar PV had been installed. It has been estimated that there is potential for at least another 4 GW by 2030. By the end of 2024 about 3.9 GW of solar had been installed. On March 13, 2023, peak photovoltaics power was 30% of Bulgaria electricity generation. Howe. [pdf]
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Bulgaria has officially inaugurated the largest battery energy storage system (BESS) in the Balkans, boasting a capacity of 496.2 MWh. This groundbreaking facility, located in Lovech, is set to enhance the stability of the national energy grid and support the country’s transition to renewable energy. [pdf]
The photovoltaic (PV) farm will be built in Stara Zagora, central Bulgaria, and will be capable of producing more than 265 GWh of electricity annually. The plant will be coupled with a battery energy storage system (BESS) of 25 MW/55 MWh using lithium iron phosphate (LFP) technology, PPC said. [pdf]
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