Bulgarian Ministry of Innovation announced that it has started accepting applications from companies under a 102 million euros EU-backed grant to support the development of solar and battery storage projects.
The statement from the Ministry said that deadline for submitting applications is 15 May. The program is funded through the national Recovery and Resilience Plan (RRP) and is expected to draw very strong interest from investors.
Local companies are eligible for grants in the range between 37,500 up to 500,000 euros. The grants, which involve co-financing of up to 50 %, will finance the construction of self-consumption solar power plants with installed capacity of up to 1 MW, which must be combined with local energy storage facilities.
Under the conditions of the grant, the solar-plus- storage system must be installed on a building or property which is fully owned by the applicant and the generated renewable electricity may not be sold to the network.
According to its Integrated Energy and Climate Plan for 2021-2030 period, Bulgaria aims to achieve a minimum 27 % share of renewables in its gross energy consumption over the next decade.
