The Solar Energy market in Bulgaria is projected to grow by 2.28% (2024-2029) resulting in a market volume of 1.88bn kWh in 2029.
Contact online >>
In the statistics of the International Renewable Energy Agency (IRENA), Bulgaria had 1.28 GW at the end of 2021 and 1.95 GW just one year later. The measure is expressed in nominal or peak capacity. It is different
The Bulgaria Solar Energy Market size is estimated at 1.88 gigawatt in 2024, and is expected to reach 2.33 gigawatt by 2029, growing at a CAGR of 4.34% during the forecast period (2024-2029). The market was negatively impacted by the outbreak of COVID-19.
In the statistics of the International Renewable Energy Agency (IRENA), Bulgaria had 1.28 GW at the end of 2021 and 1.95 GW just one year later. The measure is expressed in nominal or peak capacity. It is different than connection power, which can be lower by 20% or more depending on the level of solar irradiation, land configuration, type of
Bulgaria has launched a subsidy program worth $134 million to support households in installing solar panels and solar collectors for their own use. Of this amount, $76 million is funded by the European Union''s Recovery and Resilience Facility, with the remaining $58 million covered by the Bulgarian government and household contributions.
Blackridge Research''s Bulgaria Solar Power Market Outlook report provides comprehensive market analysis on the historical development, the current state of solar PV installation scenario, its outlook along with the implications of COVID 19 on the solar power capacity additions.
The Bulgaria Solar Energy Market size is estimated at 1.88 gigawatt in 2024, and is expected to reach 2.33 gigawatt by 2029, growing at a CAGR of 4.34% during the forecast period (2024-2029). The market was negatively impacted by the
Development of operational solar PV power plants in Bulgaria started with very moderate steps in 2007 but progressed with fast paces after the second half of 2010. At the end of 2020 cumulative installed solar PV capacity in Bulgaria reached 1,065 MW.
Development of operational solar PV power plants in Bulgaria started with very moderate steps in 2007 but progressed with fast paces after the second half of 2010. At the end of 2020 cumulative installed solar PV capacity in Bulgaria
In a matter of months, Bulgaria’s total solar power capacity is set to exceed 3 GW, compared to just 1.3 GW at the end of 2021. The lineup in the list of the largest photovoltaic plants is changing almost every week as major facilities come online, and there is more in the pipeline.
In the beginning of 2022, the average price of electricity in Bulgaria amounts to EUR 131.95 per megawatt, whereas in July last year it was to the tune of EUR 95 per megawatt. However, between July 2021 and January 2022, the price of electricity has fluctuated and at times, it exceeded EUR 300 per megawatt.
In the last two years, the combined nameplate size of solar power installations in Bulgaria has doubled to more than 2.4 GW and additions peaked this summer. Moreover, in the current top 20, no photovoltaic units built since 2021 benefit from any subsidies, data compiled by Capital.bg showed.
Conversely, households and institutions interested in installing solar panels for self-consumption are still stuck with administrative hurdles In the statistics of the International Renewable Energy Agency (IRENA), Bulgaria had 1.28 GW at the end of 2021 and 1.95 GW just one year later. The measure is expressed in nominal or peak capacity.
We are deeply committed to excellence in all our endeavors.
Since we maintain control over our products, our customers can be assured of nothing but the best quality at all times.