Bulgaria opens EUR-102m call for corp solar-plus-storage projects

The Bulgarian government is inviting applications under a BGN-200-million (USD 109.7m/EUR 102.3m) measure aimed at providing financial support to local firms looking to install new solar-plus-storage systems.

The country’s Ministry of Innovation and Growth said in a press statement that it opened the procedure late on Tuesday, giving interested parties time to apply until 1630 local time on May 15, 2023. The measure is part of the National Recovery and Resilience Plan (NRRP) and follows two other procedures that were focused on technological modernisation and ICT and cybersecurity.

Micro, small, and medium enterprises (MSMEs) can now apply for financial backing of between BGN 75,000 and BGN 1 million, but no more than 50% of the project’s cost. The individual capacities of the systems being financed will not exceed 1 MW.

Eligible projects will include solar photovoltaic (PV) arrays with batteries installed on top of buildings that are fully owned by the applicant and that generate electricity for on-site consumption only.

(BGN 1.0 = USD 0.548/EUR 0.511)

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