For the first Nine Months of 2022, St. Nikola Wind Farm generated 7% more Energy Y/Y
In September, the largest wind farm in Bulgaria registered growth in green energy generation of 13% compared to August
AES Corp., the U.S. power producer with operations in more than two dozen countries, is keen on constructing in Bulgaria a USD 400 M solar power plant with a capacity of 80 megawatts, the American ambassador in Sofia announced.
“AES has been waiting for six months to go ahead with its investment, which costs nothing to the Bulgarian government,” US Ambassador to Bulgaria, James Warlick, said a joint press conference with representatives of AES Solar Energy.
The ambassador pointed out that Bulgaria has repeatedly said it needs energy diversification and foreign investments. He made it clear the American company won't hesitate to approach Romania should its bid to enter the Bulgarian market continue to be hampered.
Bulgaria is undergoing a boom in the renewable energy sector, but experts have warned the government it could actually end up doing more harm than good for the environment.
The current boom originates in a European Union-wide agreement under which Bulgaria has said 16 percent of electricity consumption will come from renewable energy sources by 2020 compared with under eight percent now.
AES Corp., is the second American company, which voiced plans for investments in Bulgaria and was personally presented by the US envoy here for the last two weeks.
In the middle of July Ambassador Warlick gave an official presentation of the American company Chevron, which has expressed interest in drilling for shale gas in the country.
Chevron Corp. has applied for a permit to explore for natural gas in shale deposits in northeastern Bulgaria near the Romanian border.
Prime Minister Rosen Zhelyazkov has reaffirmed that the “Balkan Stream” pipeline remains a functional and commercially viable energy project
Sofia recently hosted the fifth edition of the Green Transition Forum 2025, a major regional event focused on sustainable development
Deputy Energy Minister Iva Petrova emphasized at Green Transition Forum 5.0 that Bulgaria’s energy strategy hinges on modernizing grid infrastructure and securing long-term supply agreements
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe