What are the sofia energy storage projects

Is there a transition to energy storage in Bulgaria?

“In fact, we are already seeing the transition to energy storage in Bulgaria, mainly through the development of battery storage facilities behind-the-meter,” Alexander Rangelov, CEO of the International Power Supply (IPS) Group, an energy storage manufacturer headquartered in Sofia, told pv magazine.

How much does a battery energy storage system cost in Bulgaria?

Specifically, according to data presented by Soltani at the RE-Source Southeast Conference, Bulgaria’s electricity market offers an opportunity for €110 per MWh profit with a battery energy storage system with two hours of discharge capacity using energy arbitrage. Rystad Energy’s analysis has set the battery system costs at a flat €60 per MWh.

What will Bulgaria's solar power capacity be used for?

This capacity will be used for both solar peak shaving and grid balancing,” Rangelov said. Bulgaria’s Ministry of Energy is currently running two tenders aiming to commission 1,425 MW of solar and wind generation capacity coupled with 350 MW of behind-the-meter energy storage.

Does Bulgaria's recovery plan get a green light?

Bulgaria’s Recovery plan finally received a green light from the EU. Coal plants get a breather as local energy production takes precedence This article is part of the second Special Report by KInsights dedicated to the Energy Future of Bulgaria. You can purchase and download the entire issue here. "This is an outstanding plan.

Will a battery energy storage system be integrated with renewable electricity plants?

Bulgaria already held the first two tenders for battery energy storage systems (BESS) that would be integrated with renewable electricity plants. Earlier this month, Renalfa IPP has started the commercial operation of its first utility-scale battery energy storage system.

Why should Bulgaria Invest in geothermal energy?

On its own, renewable energy provides even greater autonomy to energy consumers and system security. Funding provided through the Plan will be used for research into the potential for geothermal energy generation in Bulgaria. "We consulted with large Turkish companies, which have worked on such projects.