The Current State of Wind Energy in Bulgaria: By the end of 2023, Bulgaria’s installed wind capacity reached 705 MW, accounting for 3.9% of the nation’s annual gross electricity generation. Wind farms in Bulgaria generated 1,584 GWh in 2023, marking a 5.9% year-on-year increase.
These targets also fall short of Bulgaria’s vast offshore wind potential. The most promising area of Bulgaria’s maritime exclusive economic zone (EEZ), next to the border with Romania, has a technical potential of 4.3-5 GW, with capacity factors ranging from 45 to 48 percent and a levelized cost of electricity between EUR 62-90/MWh.
At the end of 2024, Bulgaria’s cumulative installed wind power capacity reached 714 MW (0.71 GW), which represents 15.1 % of the total installed renewable energy capacity in the country. The report provides a complete picture of the market situation, dynamics, current issues and future prospects.
The government plans to add 0.6 GW of onshore wind and 0.5 GW offshore wind by 2030 in the draft Strategy for Sustainable Development, but these goals remain very conservative and would leave Bulgaria far behind the rest of Europe. These targets also fall short of Bulgaria’s vast offshore wind potential.
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The Beginning of Wind Energy in Bulgaria Historically, people have harnessed the force of the wind – initially to power sailing vessels and later to drive grain mills. With …
They will support the country’s goals of reducing carbon emissions and transitioning to more sustainable energy sources. The wind energy projects by Power to Wind and Power to …
Discover Bulgaria''s wind energy market with insights, data, and intelligence on wind power development and companies.
A study found that Bulgaria is expected to increase its total wind power capacity by as much as 9.2 GW by 2040. The most suitable …
Wind resource potential in Bulgaria Financial Model and Analysis of 50 MW Wind Power Plant Investment in Bulgaria (IRR, WACC, Payback, NPV, Cash Flow, etc.) Over 55 …
Bulgaria is currently discussing the introduction of an offshore wind law, with the second reading in parliament expected to happen after February 22nd. After years of debate, this could finally …
Bulgaria has set a goal of 29.9% share of renewable energy sources in its gross final energy consumption by 2030. The national energy strategy (2023 draft) envisages that by …
Official strategic documents indicate a target of increasing wind capacity by 249 MW by 2030. The Revival of Wind Power in Bulgaria Historically hampered by regulatory and …
Wind energy is back on Bulgaria’s horizon. After a long pause, efforts to expand wind energy are gaining momentum so …
The Beginning of Wind Energy in Bulgaria Historically, people have harnessed the force of the wind – initially to power sailing vessels …
Wind energy is back on Bulgaria’s horizon. After a long pause, efforts to expand wind energy are gaining momentum so SeeNext’s new analysis delves into the evolving role of …
Study on the wind power potential in Bulgaria, Hungary, and Romania – Country Report Bulgaria List of Authors: Gustav Resch, Lukas Liebmann, Ricki Hirner (all AIT) Andras …
A study found that Bulgaria is expected to increase its total wind power capacity by as much as 9.2 GW by 2040. The most suitable areas, in the northeast, have a combined …
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