Bulgaria plans to add over 2,500 MW of renewable capacity by end-2024 - report

Bulgaria plans to add over 2,500 MW of renewable capacity by end-2024 - report

Bulgaria aims to add over 2,500 MW of installed renewable power capacity by the end of 2024, mostly solar plants, local media reported.

Bulgaria envisages the installation of a further 700 MW of wind farms, 1,600 MW of solar parks and 219 MW of biomass-fired power plants between 2020 and 2024, public radio BNR quoted Angelin Tsachev, CEO of state-owned Electricity System Operator (ESO), as saying on Sunday.

Last year, the country installed 77 MW of photovoltaic (PV) plants, Tsachev said adding that this year Bulgaria is expected to add 114 MW of PV capacity.

According to Tsachev, Bulgaria's renewable capacity reached some 1,800 MW as of the end of last year, of which 1,100 MW are PV plants and 700 MW are wind farms, which represents one-fifth of the country's total energy capacity, he noted.

Bulgaria is targeting a further 2,645 MW of installed electricity generation capacity from renewable sources, mostly photovoltaic plants, by the end of 2030, in line with the EU's goals for green energy transition, according to a national strategy blueprint published on the parliament’s website last year.

According to the plan, by 2030 the share of energy from renewable sources in Bulgaria's gross final consumption should reach 27.1%, compared to the EU's target of 32%. By the same year, the share of renewable energy sources in Bulgaria is expected to reach 30.3% in power generation, 42.6% in the heating and cooling sector and 14.2% in transport.

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