Bulgaria to receive 480 million Euros from “RePowerEU” plan

Bulgaria to receive 480 million Euros from “RePowerEU” plan for reducing its dependence on fossil fuels and transition to more clean energy.

Now is the time for the state, business and scientific circles to find the best solutions – not only to take maximum advantage of RePowerEU’s opportunities, but also to ensure that the achieved results are long-term and sustainable. 

Nikola Stoyanov, Bulgaria Minister of Economy and Industry

He reminded that each of the EU countries will add a new chapter to their national recovery and resilience plan – the “RePowerEU” chapter. This will help finance investments and reforms in the sector, for which 20 billion euros have been earmarked, and the grant for Bulgaria is around 480 million euros.

According to the minister this is an opportunity for our industry to decarbonize, become more energy efficient and expand its share in the Bulgarian economy. “The new plan should also support all small and medium-sized enterprises in the transition, which are most affected by the high prices of energy in all its forms,” ​​the minister added, BTA informed.

Europe must reduce its dependence on fossil fuels in general – coal, natural gas, petroleum, oil. Renewable energy sources (RES) will enable Europe to reduce its dependence on fossil fuels.

Angelin Tsachev, executive director of the Electricity System Operator (ESO)

The joining of RES sources is a multi-scale process, Tsachev pointed out. He added that with the current process of decentralization, everything must be considered, designed and built anew. A very large part of the networks will continue to be used in the future, but their capacity must be increased.

Last year, the production of electrical energy from solar plants increased by an average of 30 percent compared to 2021, the executive director of ESO pointed out. He specified that the production of the plants connected to the transmission network increased by 60 percent, and the increase of the plants newly connected to the distribution network increased by about 20 percent.

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