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
Bulgaria's new Renewable Energy source act will be ready in two weeks, the country's Energy Minister has stated.
The act aims at meeting the mandatory targets set by EU's Directive on the Promotion of the use of energy from renewable sources - a16 % share of RES on the final consumption of energy in 2020 and at least 10% share of renewable energy in final consumption of energy in transport by the same deadline.
Bulgaria's renewable energy legislation will be harmonized with EU laws in order to attract major foreign investors.
Bulgaria's Economy and Energy Minister Traicho Traikov announced the preparation of the new act upon launching officially on Tuesday the construction works of a EUR 150 M, 45-megawatt solar park in central Bulgaria, near the city of Veliko Tarnovo.
SDN Co., a South Korean producer of power generators, solar modules and marine propellers, is building the photovoltaic park, which will be the biggest in the country.
EUR 20 M have already been invested in the solar power plant since August 2010.
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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