The MoE has launched the procedure "National infrastructure for the storage of electricity from renewable sources" with expected funds from the RSP

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. This was announced by the Ministry of Energy today.

"The investments that will be realized within the framework of RESTORE will guarantee the security and stability of the Bulgarian electricity system," stressed 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.

Within the framework of the investment, the construction and commissioning of electricity storage facilities from renewable sources with a minimum of 3000 MWh of energy capacity, connected to the electricity transmission and distribution networks on the territory of Bulgaria, will be supported. If you connect to the electricity distribution networks, you should also connect to the telecommunications network of "Electricity System Operator" EAD. For financing under the procedure, expenses incurred after the publication of the publication for public discussion of the procedure, namely June 25, 2024, will be eligible.

The selection of the submitted investment proposals will be carried out through an open and competitive bidding process based on clear, transparent and non-discriminatory criteria for the selection of the proposals. The free financing under the 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 energy capacity we use. One applicant can make 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.

The package of documents is published in the Information System for the Mechanism (IMS) - Information System for the Management and Monitoring of the EU Structural Instruments in Bulgaria (ISUN 2020), section "National Recovery and Resilience Plan", at the following Internet address: https://eumis2020.government.bg/bg/s/800c457d-e8be-4421-8ed9-9e78d0a75c39/Procedure/Info/5ec491ab-50e7-4bf7-9757-2290e3ef33f3