Solarity is working on the new program for Industrial Batteries from the Ministry of Energy

The Ministry of Energy launched the procedure “National infrastructure for the storage of electricity from renewable sources” (RESTORE) from the National Recovery and Sustainability Plan (NRSP). The procedure provides an opportunity to significantly increase the share of energy from renewable sources (wind and solar) in the energy mix. “The investments that will be realized within the framework of RESTORE will guarantee the security and stability of the Bulgarian electricity system”, emphasized Energy Minister Vladimir Malinov. According to him, the program will contribute to the balancing and management of networks, which is necessary for the integration of electricity produced from renewable energy sources.

The investment will support the construction and commissioning of electricity storage facilities from renewable sources with a minimum usable energy capacity of 3,000 MWh, connected to the electricity transmission and distribution networks on the territory of Bulgaria. In the event that they are connected to the electricity distribution networks, they should also be connected to the telecommunications network of the “Electricity System Operator” EAD. Expenses incurred after the date of publication for public discussion of the procedure, namely June 25, 2024, will be eligible for funding under the procedure.

The selection of the submitted investment proposals will be carried out through the current open and competitive bidding procedure based on clear, transparent and non-discriminatory criteria for the selection of the proposals. The free financing under the present procedure is in the amount of BGN 1,153,939,700. There is no minimum amount for financing each proposal, and the maximum for one proposal for one enterprise is BGN 148,643,080. The maximum intensity of grant funding for each applicant is up to 50% of the eligible costs, but no more than BGN 371,607.70 (without VAT) for 1 MWh of usable energy capacity. One applicant can submit several proposals, and they could not receive funding in the amount of no more than 1/6 of the quota under the procedure.

Investments under the procedure must be completed and put into operation by March 2026. In May 2025, the degree of maturity of the projects and their implementation will be checked.

We at Solarity BG want to know the details and protect the interests of our current and future customers, and our specialists are currently studying all the details of the program. Expect additional information with details about the program.