Bulgaria To Put Brakes on Green Energy Projects Until Technology Becomes Cheaper

Bulgaria To Put Brakes on Green Energy Projects Until Technology Becomes Cheaper

Bulgarian Prime Minister Boiko Borisov said that the country should not move ahead with connecting to its grid new facilities for power generation from renewable energy sources until the technology they employ becomes cheaper and starts using components produced in Bulgaria.

"We are under no obligations to connect wind and solar farms to our power grid, because currently they are expensive," local news portal Dnevnik.bg cited the prime minister as saying.

Borisov recalled that Bulgaria has committed, as an EU members state, to reach 20% of its entire electricity production for renewable energy sources by 2020 and pledged that the country will achieve that goal.

"We have time till 2020 when green technologies will probably become cheaper," the prime minister stated.

The price at which national power utility NEK buys green energy is 580 levs ($379/297 euro) per megawatthour (MWh) compared to 42 levs per MWh for electricity produced by the country's sole nuclear power plant Kozloduy, according to Borisov.

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