According to the Bulgarian National Statistical Institute, both electricity production and consumption experienced a monthly decline in April 2025. Electricity output dropped by 5 percent compared to March, totaling 3,298 GWh, while consumption fell by 8.8 percent to 2,684 GWh. Natural gas consumption also saw a significant decline, dropping by 16.1 percent month-on-month to 219 […]
Solaris Holding, a joint venture between Bulgarian-German solar developer Sunotec and Eurohold Bulgaria, has commissioned its newest hybrid renewable energy facility near Selanovtsi, close to Vratsa in northwestern Bulgaria. The project covers nearly 38 hectares and includes a 59.8 MW solar power plant with over 103,000 panels, capable of supplying electricity to more than 22,000
For the first time in its energy history, Bulgaria saw solar power generation briefly exceed the country’s electricity consumption. This landmark event occurred on Friday, June 20, between 10:00 and 12:00 AM, when solar panels produced more electricity than the nation consumed during those two hours—also contributing to exports. According to the Bulgarian electricity transmission
Bulgaria: Bulgargaz proposes slightly higher wholesale gas price for July 2025 Read More »
Bulgarian state-owned gas supplier Bulgargaz has proposed a wholesale natural gas price of approximately 33 euros per megawatt-hour (MWh) for July 2025. This represents a modest increase of 0.6% compared to the approved price for June, which stood at 32.8 euros/MWh — itself only 0.1% higher than the May rate. The proposed price is based
Bulgaria: TPP Bobov Dol declares 2024 dividend amid profit decline Read More »
Bulgarian coal-fired power plant Bobov Dol will distribute a dividend of 0.051 euros per share for 2024, allocating around 444,000 euros from its net profit of just over 2 million euros. The remaining profit will be retained for future use. Dividend payments will begin on August 20 and continue over three months. This year’s payout
Bulgaria: IBEX sets new intraday market record with 22,881 MWh traded Read More »
The Independent Bulgarian Energy Exchange (IBEX) recorded a new daily trading volume high on its intraday market segment for the delivery day of June 22, 2025. A total of 22,881.33 MWh was traded through the continuous trading mechanism, surpassing the previous record of 22,546.78 MWh set on May 21, 2025, by 1.5%.
Bulgaria: OMV Petrom and Enery partner on 400 MW Gabare solar project Read More »
OMV Petrom and Enery have entered into a strategic partnership to develop a major solar power project near Byala Slatina, close to Sofia, Bulgaria. Under the agreement, OMV Petrom will acquire a 50 percent stake in Dunav Solar Plant—the company managing the Gabare solar project—from Enery Element. The planned Gabare solar facility will have an
During a visit to the coal-fired thermal power plant Maritsa East 2, Bulgarian Energy Minister Zhecho Stankov underscored the critical role of the Maritsa East mining complex in ensuring the country’s energy supply. He announced that the complex is expected to provide nearly half of the electricity required for household consumption in Bulgaria, underlining its
Bulgaria advances Vertical Gas Corridor as regional energy hub Read More »
Bulgarian Energy Minister Zhecho Stankov announced that another shipment of pipes is expected to arrive at the port of Burgas in the coming weeks, marking continued progress on the Vertical Gas Corridor project. He emphasized Bulgaria’s growing role as a key player in ensuring regional energy stability through the development of critical infrastructure. Minister Stankov
Bulgaria: Bulgartransgaz seeks €102 million loan to expand gas network Read More »
Bulgarian state-owned gas transmission operator Bulgartransgaz has launched a tender to secure a €102 million loan to help fund the expansion of its pipeline network. The financing is intended to support the development of the Vertical Gas Corridor, a key project designed to connect Greece with Central and Eastern Europe and boost energy connectivity across
