November 29, 2024 15:57 GMT
POWER: EC Approves €590mn for Bulgaria to Add 3GWh Energy Storage Capacity
POWER
The EC has approved €590mn in state aid to Bulgaria to support at least 3GWh of new energy storage capacity, it said, cited by SEE News.
- The package will be provided as direct grants, open to all energy storage technologies, covering up to 50% of eligible project costs.
- All grants must be allocated by 31 December 2025.
- Recently, Bulgaria allocated BGN 526mn (€268mn) to 397 renewable energy projects in its first auction, awarding 3.1GW of renewable capacity and 1.17GW of storage.
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