Bulgaria vigorously develops solar power generation

The Virilla Photovoltaic Power Station, the largest photovoltaic power plant project in Bulgaria with the largest installed capacity to date, was officially put into operation recently. The power station has an installed capacity of 123 megawatts and an annual power generation capacity of approximately 170 gigawatts per hour

The Virilla Photovoltaic Power Station, the largest photovoltaic power plant project in Bulgaria with the largest installed capacity to date, was officially put into operation recently. The power station has an installed capacity of 123 megawatts and an annual power generation capacity of approximately 170 gigawatts per hour. Rumen Petrov, a member of the Board of Directors of the Bulgarian Solar Energy Association, stated that more than 2000 megawatts of photovoltaic power plants have been put into operation in Bulgaria, with nearly 600 megawatts added in 2022 alone. "Developing solar energy is in line with Bulgaria's national plan to reduce carbon emissions in the energy sector by 40% by 2025.

Bulgaria has obvious advantages in developing solar energy, with some areas of the country experiencing an average annual sunshine time of 1500-1700 hours. The Bulgarian government regards the development of solar energy as an important means to alleviate the energy crisis and promote green development. Recently, the St. George's solar power project located in the Silistra region of the northeast announced that it will start construction before the end of this year. It is reported that after the project is completed and put into operation in 2025, it is expected that the average annual power generation will reach 313 GWh. The 100 megawatt photovoltaic power generation project located in Moglige, Old Zagora region is also being promoted. The Bulgarian Electricity Production, Storage and Trade Association predicts that if green transformation policies are vigorously implemented, it is expected to increase solar power generation capacity by 4650 megawatts by 2030.

To accelerate the construction of solar power generation projects, Bulgaria has introduced multiple measures. Revise laws and regulations such as the Renewable Energy Law and the Energy Law to shorten the approval process and time for solar power generation projects. For example, reducing the approval time for personal and corporate user self use projects from 6 to 8 months to 4 weeks.

Bulgaria also encourages the public to install rooftop photovoltaic equipment through financial mechanisms. In May of this year, the Bulgarian Ministry of Energy announced that it would provide 240 million Lev (approximately 0.25 Lev) of funding to support residents in installing household photovoltaic power generation and energy storage equipment. Among them, households installing photovoltaic power generation equipment with a peak value of less than 10 kilowatts can receive a maximum subsidy of 70%, with a maximum subsidy amount of 15000 Lev. Rumen Petrov believes that the government's subsidy plan will benefit 10000 families.

Bulgaria is also actively applying for financing support from the European Union and relevant institutions. In April of this year, the Bulgarian Ministry of Energy and the European Bank for Reconstruction and Development signed a financing agreement to support the construction of new photovoltaic power generation projects and energy storage infrastructure in Bulgaria. Former Minister of Economy and Industry of Bulgaria, Nikolai Stoyanov, stated that the European Commission is implementing a "re energy for Europe" plan, in which Bulgaria will receive a grant of approximately 480 million euros. "This provides an opportunity for Bulgaria to develop and utilize solar energy, which is very important for the construction of new energy production capacity

Bulgaria attaches great importance to cooperation with Chinese enterprises in the field of solar power generation. The Virilla photovoltaic power plant, which was recently put into operation, uses over 220000 photovoltaic panels provided by China Jingke Energy Company. The Bulgarian 15 MW photovoltaic power generation project undertaken by Henan Pinggao Group is about to start construction. Anhui Huasheng New Energy Technology Co., Ltd. has signed a 1.5 gigawatt photovoltaic product supply framework agreement with Bulgaria and is promoting the construction of large-scale heterojunction photovoltaic ground power stations. Former Deputy Prime Minister Daniela BoBeva of Bulgaria stated that Chinese investment is playing an increasingly important role in the construction of photovoltaic industrial parks, and that "there is great potential for cooperation between China, Bulgaria, and even Central and Eastern European countries in the field of green economy".

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