Why OE-governed quality assurance...

In every mature renewable market, there comes a moment when engineering quality—once assumed,...

Insurance, force majeure and...

In the early stages of Southeast Europe’s renewable expansion, wind investors focused primarily...

ESG, community strategy and...

For years, wind investment strategies in Southeast Europe focused almost exclusively on technical...

The grid-ready wind farm...

A decade ago, the success of a wind farm in Southeast Europe was...
Supported byClarion Energy
HomeSEE Energy NewsBulgaria, EC urges...

Bulgaria, EC urges country to accelerate energy diversification and increase RES energy share

As a part of the European Semester Spring 2022 package, the European Commission (EC) said that Bulgaria needs to accelerate the diversification of its gas supply routes and sources away from Russia, reduce its dependence on fossil fuels and increase the share of renewables in the energy mix.

The recommendations from the EC state that, following Russian invasion of Ukraine, Bulgaria should prioritize energy efficiency to lower demand whilst increasing investments, in line with its Recovery and Resilience Plan, that are needed to improve interconnection and gas storage projects with neighboring EU member states.

Bulgaria is the most energy and emissions intensive member state in the EU, with its energy mix still very much reliant on fossil fuels, although coal and lignite extraction and fossil fuel-based electricity generation are declining sectors of the Bulgarian economy.

Bulgaria should also focus on increasing energy efficiency, both in public and private sector. Acceleration of the deep energy renovation of public and residential buildings and support for the installation of solar heating systems and heat pumps for own use can lead to further energy consumption savings, benefiting both citizens and companies. In addition, efforts could be made to increase the energy efficiency in industry, as it remains a large gas consumer with a share of 40 % in 2019.

As a means to reduce dependence on Russian gas, the country should pursue its ambitious Recovery and Resilience Plan targets, which allow for 37 % of investments to be aimed at the energy sector and foresee strong further decarbonization and renewables installation.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Why OE-governed quality assurance is becoming the new currency of wind asset value in Southeast Europe

In every mature renewable market, there comes a moment when engineering quality—once assumed, often overlooked—becomes the defining currency of asset value. Southeast Europe is entering that moment now. Serbia, Romania, Croatia, and Montenegro are witnessing a scale-up in wind...

Insurance, force majeure and financial risk transfer — the new architecture of protection for wind investors in Southeast Europe

In the early stages of Southeast Europe’s renewable expansion, wind investors focused primarily on EPC contracts, turbine warranties, and revenue support mechanisms. Insurance was treated as a formal requirement—necessary for lenders, but rarely integrated into strategic project design. That...

ESG, community strategy and social license — the hidden financial drivers of wind success in Southeast Europe

For years, wind investment strategies in Southeast Europe focused almost exclusively on technical variables: resource quality, EPC pricing, grid access, and financing structure. But as markets mature, a new set of forces is emerging—less visible than capex or P50...
Supported byVirtu Energy
error: Content is protected !!