Bulgaria's Ministry of Energy has approved €588 million in funding for 82 standalone battery energy storage projects, totaling nearly 9. The final decision, announced on April 17, 2025, concludes a competitive selection process that began with 151.
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With 24% of electricity from renewables in 2023 (Energy Ministry data), the country needs robust storage solutions like battery systems and pumped hydro to prevent renewable energy from going to waste. Think of these projects as giant "power banks" that store sunshine and wind for.
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Developed by Advance Green Energy AD, a Sofia-based company founded in 2024 by brothers Kiril and Georgi Domuschiev, the BESS represents a significant private investment of 147 million levs (approximately $85 million or €75.
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Located next to a photovoltaic park within Balkan Industrial Park, it is part of the country's first closed licensed power distribution system. The Bulgarian city of Lovech, northeast of Sofia, hosts the strongest battery energy storage system (BESS) in the Balkans.
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