From pv magazine ESS News site
he Bulgarian Ministry of Energy has initiated public consultations on a tender to build infrastructure for storing electricity from renewable energy sources.
The procurement procedure, named RESTORE, will offer a total of BGN 1.2 billion ($657 million) for the construction and commissioning of a national infrastructure of renewable energy storage facilities with a minimum capacity of 3,000 MWh of usable energy, the ministry said in a press release on Wednesday.
The grant shall cover up to 50% of the eligible costs, but not exceed BGN 371,600 (without VAT) for each megawatt hour of usable energy capacity, the rules of the procedure stipulate.
The public call is for projects equal to or greater than 10 MW with at least two hours of storage capacity, which will be primarily used in the frequency regulation markets.
Popular content
“The construction of storage facilities is key to the efficient balancing and management of the power system. The successful implementation of this procedure will guarantee the security and stability of the power system,” said Energy Minister Vladimir Malinov.
To continue reading, please visit our new ESS News website.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.