Bulgaria

Bulgaria: AES Galabovo boosts output by 36%, supplies 7% of electricity in 2024

AES Bulgaria reported that its coal-fired thermal power plant, AES Galabovo, generated 2.62 million MWh of electricity in 2024, marking a 35.8% increase compared to the previous year’s 1.93 million MWh. The company stated that TPP Galabovo supplied around 7% of Bulgaria’s electricity consumption last year. In December alone, the power plant produced 256,000 MWh, […]

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Bulgaria poised to launch small modular reactors with Synthos and Blue Bird Energy

Bulgaria may soon enter the small modular nuclear reactor (SMR) arena following a new partnership between an international nuclear developer and a local energy company. Poland-based Synthos Green Energy has reached a preliminary agreement with Blue Bird Energy to establish a joint venture focused on deploying up to six advanced SMR units in the country.

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Bulgaria launches 202 MW battery storage facility at TPP Maritsa East 3

Bulgaria has expanded its electricity system with the commissioning of a large-scale battery energy storage facility at the Maritsa East energy complex, one of the most significant storage projects in southeastern Europe. The installation was deployed at the site of TPP Maritsa East 3, leveraging existing grid infrastructure in the Stara Zagora region to accelerate

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Bulgaria: IBEX power trading climbs in December as prices continue to soften

A total of 2,611,971.3 MWh of electricity was traded on the day-ahead market of IBEX in December 2025, representing a 9.4% increase compared to November. The average daily traded volume reached 84,257.1 MWh, although total monthly volume was still 3% lower year-on-year. The average baseload price in December stood at €117.25/MWh, down 3.5% from November,

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Bulgaria hits a renewable milestone: Solar, wind and hydro surpass coal in electricity generation

Bulgaria’s electricity sector reached a historic milestone in 2025, as renewable energy sources became the country’s second-largest producer of electricity, surpassed only by nuclear power. For the first time, combined generation from solar, wind, hydropower, biomass, and waste exceeded output from coal-fired plants, signaling that the energy transition has moved from concept to reality. Data

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Bulgaria: Chevron and Quantum eye $22B bid for Lukoil’s international assets, shaking up SEE oil market

A major shift may be underway in the global oil market as US energy giant Chevron and private equity firm Quantum Capital Group prepare a joint bid for the foreign operations of Russia’s Lukoil. The proposed transaction is valued at approximately $22 billion, covering Lukoil’s assets outside of Russia. The move comes amid Lukoil’s efforts

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Bulgaria to receive up to €1.3bn from EU Just Transition Fund to transform coal regions

Bulgaria is poised to receive between €1.178 billion and €1.3 billion from the European Union’s Just Transition Fund, a key mechanism designed to support regions most affected by the phase-out of coal and other carbon-intensive industries. The funding will primarily target areas historically dependent on mining and thermal power generation, including Stara Zagora, Pernik and

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Bulgaria: Electricity production rises 5.6% in 2025 as renewables surge and exports reach 1.36 TWh

According to data published by Bulgaria’s electricity transmission system operator ESO, total electricity production in 2025 increased by 5.62% year-on-year, reaching 40.11 TWh, reflecting a solid recovery in generation across the country. Electricity consumption in Bulgaria also recorded growth, rising by 4.88% to a total of 38.76 TWh. As a result, Bulgaria maintained its position

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Bulgaria secures 100 million euro funding deal to boost public investment

A new financing arrangement has been established to support public investment priorities in Bulgaria, as the Bulgarian Development Bank (BDB) and United Bulgarian Bank (UBB) formalized a 100 million euros deal. Under the agreement, UBB will provide the funding to BDB, enabling the implementation of key government-backed programs in the coming years. The resources are

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Bulgaria: KEVR approves 3.3% drop in wholesale gas price for January 2026

The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 3.3% decrease in the wholesale natural gas price for January 2026, in line with the proposal by public supplier Bulgargaz in mid-December. The wholesale price now stands at around 31.2 euros/MWh, excluding VAT and excise duties. Previously, KEVR had approved a 4.3% reduction

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