Bulgaria summit energy solutions

Why is Bulgaria promoting self-sustaining energy solutions?

Bulgaria is also pushing for small- and medium-sized businesses to adopt more self-sustaining energy solutions, including solar energy and battery storage, to reduce dependency on the grid during peak consumption times. Source: IRENA

What is Bulgaria's energy strategy?

Despite being a net electricity exporter, with major buyers like Romania, Greece, and North Macedonia, Bulgaria’s energy strategy remains fossil-fuel dependent. The 2019 National Energy and Climate Plan indicated a long-term reliance on coal and nuclear, with no immediate phase-out in sight. 4. Future prospects

Is Bulgaria a energy-intensive country?

Bulgaria remains the most energy-intensive economy in the EU by a wide margin. The structure of Bulgaria’s final energy consumption is like that of the EU. Bulgaria’s economy consumes 3.5 times more energy resources per unit of its GDP than the EU average. That may not sound alarming, but Bulgaria is highly dependent on coal and nuclear power.

Is Bulgaria getting more solar power?

Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power. Solar energy production has surged from one gigawatt (GWh) in 2019 to more than three GWh today, with solar accounting for nearly half of the country’s electric capacity from renewables.

Does Bulgaria have a good energy sector?

Bulgaria’s energy sector is at a critical juncture, with two main objectives shaping its direction: decarbonization and reducing reliance on Russian energy. Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power.

Does Bulgaria have a good energy mix?

In recent years, with the help of the European Community, Bulgaria has invested in key infrastructure projects with partners such as Greece, Romania and Serbia, which will benefit its energy mix in the long term.