Bulgaria

Bulgaria: Black Sea gas development could boost GDP and energy independence Read More »

Bulgaria: Black Sea gas development could boost GDP and energy independence

A new analysis by EY, commissioned by OMV Petrom and NewMed Energy, suggests that developing natural gas reserves in Bulgaria’s section of the Black Sea could bring substantial economic and strategic benefits. According to the report, every 1 billion euros invested in offshore gas projects could add up to 5.2 billion euros to Bulgaria’s national […]

Bulgaria boosts power generation by 7.3% in 2025, driven by renewables and baseload growth Read More »

Bulgaria boosts power generation by 7.3% in 2025, driven by renewables and baseload growth

According to data published by Bulgaria’s electricity transmission system operator ESO, the country’s electricity production between 1 January and 19 October 2025 reached 32.34 TWh, marking a 7.3 percent increase compared to the same period in 2024. Electricity consumption also rose by 6.33 percent, totaling 30.14 TWh, resulting in net exports of around 2.2 TWh

Bulgaria: BICA warns new power compensation scheme fails to protect industrial consumers Read More »

Bulgaria: BICA warns new power compensation scheme fails to protect industrial consumers

The Bulgarian Industrial Capital Association (BICA) has expressed concerns about the government’s new compensation scheme for electricity costs, set to take effect from July 1, 2025, to June 30, 2026. According to the association, the proposed mechanism will fail to provide effective relief for non-household consumers, including industrial users. The draft decree introduces temporary support

Bulgaria: SUNOTEC secures financing for 115 MW solar and 763 MWh battery projects Read More »

Bulgaria: SUNOTEC secures financing for 115 MW solar and 763 MWh battery projects

Bulgarian renewable energy company SUNOTEC has secured financing for a portfolio of seven clean energy projects in Bulgaria, totaling 115 MW of solar capacity and 763 MWh of battery storage. The financing agreement, finalized in September, includes one integrated solar-plus-storage facility and six standalone battery energy storage system (BESS) projects. These projects are either fully

Bulgaria: Bulgargaz secures LNG supplies from U.S. producers to meet 2025–2026 winter demand Read More »

Bulgaria: Bulgargaz secures LNG supplies from U.S. producers to meet 2025–2026 winter demand

Bulgaria’s state-owned natural gas supplier Bulgargaz has completed a tender to meet part of the country’s seasonal demand through liquefied natural gas (LNG) deliveries via the Alexandroupoli terminal in Greece. The tender, launched in mid-September, attracted bids from more than ten international companies and aimed to secure four LNG shipments totaling around 4,000,000 MWh. For

Bulgaria: Kozloduy nuclear power plant’s Unit 6 faces ongoing steam generator issues, investigation underway Read More »

Bulgaria: Kozloduy nuclear power plant’s Unit 6 faces ongoing steam generator issues, investigation underway

Unit 6 of Bulgaria’s only nuclear power plant, Kozloduy, continues to experience issues with one of its steam generators, according to Nuclear Regulatory Agency Chair Tsanko Bachiyski. The problem affects just one of the eight generators in operation, but repeated cracks have been detected in a particular section. To resolve the issue, NPP Kozloduy has

Bulgaria threatens to withdraw from Black Sea submarine cable project without direct national connection Read More »

Bulgaria threatens to withdraw from Black Sea submarine cable project without direct national connection

State-owned Bulgarian Energy Holding (BEH) has expressed concerns about the Black Sea submarine cable project, warning that Bulgaria may withdraw unless the planned underwater electricity line includes a direct connection to the country’s transmission network. The initiative, promoted by the Green Energy Corridor Power consortium—comprising transmission operators from Romania, Georgia, Azerbaijan, and Hungary—plans a subsea

Turkish energy company BGN explores cooperation to strengthen Bulgaria’s role as regional gas transit hub Read More »

Turkish energy company BGN explores cooperation to strengthen Bulgaria’s role as regional gas transit hub

Representatives of Turkish energy company BGN met with Bulgarian officials to discuss opportunities for expanding energy cooperation and strengthening Bulgaria’s position as a key gas transit hub in the region. During the talks, Bulgaria emphasized its goal of fully utilizing its gas transport infrastructure to serve both the European Union and the wider Balkan market.

Region: Bulgaria lowers loan interest for gas interconnection project with Serbia Read More »

Region: Bulgaria lowers loan interest for gas interconnection project with Serbia

The Council of Ministers has approved revised conditions for a state-guaranteed loan supporting the construction of the Bulgaria–Serbia gas interconnection. The financing agreement, valued at nearly 50 million euros, was originally signed on January 25, 2023, between gas transmission operator Bulgartransgaz and ING Group. Due to improved market conditions, Bulgaria’s anticipated entry into the Eurozone,

Bulgaria: IBEX day-ahead market sees 3.9% drop in traded volume, prices surge by over 20% in September 2025 Read More »

Bulgaria: IBEX day-ahead market sees 3.9% drop in traded volume, prices surge by over 20% in September 2025

In September 2025, a total of 2,410,532.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 3.9% decrease compared to August. The average daily traded volume reached 80,351.1 MWh. However, compared to the same month in 2024, the traded volume was 1.7% higher. The average baseload

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