European Commission Grants Greece 1 Billion Euros for Renewable Energy Projects
With the aim to bolster renewable energy infrastructure, the European Commission has greenlit funding of 1 billion euros for two key projects in Greece
The three power distributors functioning in Bulgaria, CEZ, Energo-Pro and EVN, will introduce temporary restrictions on the production of electricity by renewable energy power plants.
Under instructions from the Electricity System Operator (ESO), the maximum generation capacity of all wind farms and photovoltaic panels serviced by the three power distributors will be restricted by 40% from 10 am to 5 pm on Thursday in order to maintain a balance between the production and consumption of electricity.
In end-March, Asen Vasilev, Bulgaria's caretaker Minister of Economy, Energy and Tourism announced that 40% of all photovoltaic plants and wind turbines had breached legal requirements by failing to submit real-time information about the amounts of electricity produced to the National Dispatching Center (NDC) of the Electricity System Operator (ESO) for the past nine months.
He claimed that the non-compliant renewable energy plants had to be temporarily disconnected from the country's power grid.
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In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022