Monitoring Bulgaria: Euro adoption is within sight, but
Bulgaria at a glance GDP growth: Bulgaria''s economic growth improved to 2.7% in 2024, driven by private and government consumption, despite a contraction in investment. We estimate a similar growth pace in 2025
The MENA region – the next hot market for energy
The rapid growth rate of energy storage in the MENA region, led by the GCC, is surprising many analysts. Saudi Arabia, in particular, is set to be the third biggest global BESS market after the USA and China in 2026.
PPC begins construction of 165 MW solar farm with
The company''s investment plan includes Italy, where it recently commissioned the first two solar parks. Public Power Corp. – PPC Group said it commenced the construction of a photovoltaic plant in Stara Zagora in central
Competitive Bidding for Battery Energy Storage System (BESS) in
Nevertheless, given that the development of BESS projects in Malaysia is still at an early stage, participation of foreign players with experiences in energy storage system
BESS programme: A game changer for the Malaysian
The programme is broken into four projects with a capacity of 100mw/400mwh each and includes the design, installation and operation of BESS at various sites in Peninsular Malaysia. Each project must start operations by
Competitive Bidding for Battery Energy Storage
Nevertheless, given that the development of BESS projects in Malaysia is still at an early stage, participation of foreign players with experiences in energy storage system projects may be crucial to support and encourage
OMV Petrom, Enery JV to build 400MW solar PV in
The Gabare solar PV project will be located in the northwest of Bulgaria and will be built to allow the potential co-location of a battery energy storage system (BESS) of up to 600MWh.
BESS in Germany 2025 and Beyond: Use Cases,
BESS Revenue Models German BESS revenues fell below 100 €/kW/yr in Q1''2024 due to mild winter and weak gas prices. By Q3, revenues recovered above 150 €/kW/yr, supported by market volatility and automatic
UK: over 17GWh of BESS due to connect to grid in
The TEC register includes over 156GWh of uncompleted stand-alone battery sites, with an average capacity of 254 MWh. Although 60% have target connection dates beyond 2030, the movement of many projects on this
The rise of bankable BESS projects in Europe
As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital constraints and rising market
Bulgaria opens public consultation on subsidies for 1.9 GWh of
Bulgaria''s Ministry of Energy has launched a public consultation on a new round of its subsidy program for battery energy storage projects, aimed at facilitating the integration of
Understanding IRR Calculation for Battery Energy Storage Systems
IRR Definition: Internal Rate of Return (IRR) represents the discount rate at which the Net Present Value (NPV) of a project''s cash flows equals zero, offering insights into
Romania targets 5 GW of installed BESS capacity by
Romania aims to have at least 2.5 GW of battery energy storage systems (BESS) in operation by next year and to surpass 5 GW of capacity by 2026 under a plan that is seen to help it cope with high energy
Bulgaria launches 3,000-MWh EU-backed energy storage tender
Bulgaria on Wednesday launched a long-delayed tender for at least 3,000 MWh of new energy storage capacity as part of its efforts to increase the share of renewable energy
Bulgaria opens public consultation on subsidies for 1.9 GWh of
In the first round of the National Infrastructure for Storage of Electricity from Renewable Sources (RESTORE) program, Bulgaria approved EUR 587 million in subsidies for
Bulgaria: largest BESS project online, with Hithium
The Renalfa IPP project in Razlog has been claimed as the biggest project of its type in Bulgaria. It is also larger than the biggest project to come online so far in neighbouring Romania, a 6MW/24MWh BESS in that
Florida Power & Light Invests $3.8 Billion in Cutting
Florida Power & Light (FPL) is making a groundbreaking investment in battery energy storage systems (BESS), reinforcing its commitment to renewable energy and grid reliability. With 469MW of operational storage
EU''s Largest BESS Project Now Online in Bulgaria
A battery energy storage system (BESS) described as the largest deployed to date in the European Union (EU) has been commissioned in Bulgaria. Officials with the country''s Ministry of Energy said
''Largest BESS in EU'' inaugurated in Bulgaria
"It is the first step towards achieving the goal of having 10,000 megawatt-hours of operating batteries in the country within the next year," said Minister of Energy, Zhecho Stankov, adding that BESS technology helps
How Italy is Driving BESS Investment
The most relevant recent development for BESS operators in the Italian market is the introduction of MACSE. MACSE is a new capacity auction which offers 15-year contracts for energy storage projects. The first MACSE
PPC begins construction of 165 MW solar farm with BESS in Bulgaria
The company''s investment plan includes Italy, where it recently commissioned the first two solar parks. Public Power Corp. – PPC Group said it commenced the construction
Battery energy storage systems The case of Bulgaria: recent
Have a technical advisor with previous experience in either a combined project for production and storage or standalone storage project with capacity of at least 20 MW;
BESS Pros Survey: What Matters Most to BESS
Executive Summary To gain insights into the most pressing concerns within the battery energy storage sector, we surveyed 83 engineers, technicians and asset managers for the "BESS
BESS the Linchpin for Asia''s Renewable Energy Targets
Final thoughts Asia Pacific is the largest market for BESS and is expected to be the fastest growing moving forward. Several countries are now seeing a disconnect between renewable energy projects developed or under
2024 BESS revenue performance: a tale of 3 markets
In today''s article we line these 3 markets up ''head to head'' and look at BESS revenue stack performance in 2024 (vs the last 3 years). Key drivers of BESS revenue stack in 2023-24 There are some important common
Bulgaria opens EU-funded 3000 MWh stand-alone battery
The deadline for putting the project into operation is 31 March 2026. A key requirement is that a conceptual design of the project must be submitted in the application
Petra: Bidding for Battery Energy Storage System
Petra said the inaugural development of BESS will offer a capacity totalling 400 megawatts (MW) and 1,600 megawatt-hours (MWh). The ministry explained that the BESS development will be divided into four
5 Reasons Why BESS Will Be a Focal Point of Energy
The global energy storage market is expected to add over 220 GWh of new capacity in 2025, driven by a rise in tenders for BESS projects, many of which may be commissioned this year. India''s BESS market is also