Westinghouse Electric Company has signed its first contract with Bulgarian firm MTG Dolphin to support the construction of two AP1000 reactors at the Kozloduy nuclear power plant. Under the agreement, MTG Dolphin will establish a Nuclear Quality Assurance (NQA-1) framework, promote a strong safety culture, prepare engineering documentation for a prototype build, and may construct […]
A consortium led by US financier Stephen P. Lynch, along with investor Fei Wang, has approached Bulgarian authorities to explore participation in a government-backed project aimed at doubling the capacity of the Chiren underground gas storage facility. Currently, Chiren stores mainly Russian gas and plays a crucial role in balancing seasonal demand fluctuations. The proposed
Sunterra RE has signed an agreement with Sungrow Power Supply Co. to deliver 1 GWh of battery energy storage capacity to three of its largest solar power facilities in Bulgaria. The move aims to enhance system-level flexibility, resilience, and energy efficiency. Sungrow will supply its MV-Power Titan 2.0 industrial storage system, which features LFP battery
Bulgaria: Sunterra RE expands battery storage with 1 GWh deal Read More »
Electricity production in Bulgaria reached 24.24 TWh between 1 January and 3 August 2025, marking a 9.74 percent increase compared to the same period in 2024, according to data from the Bulgarian electricity transmission system operator ESO. Electricity consumption also grew, rising by 5.74 percent to 22.76 TWh. As a result, the country recorded net
Bulgaria boosts electricity production and exports in 2025 Read More »
The Bulgarian state-owned National Electric Company (NEK) has been officially registered as an active participant in the guarantees of origin market segment operated by the Independent Bulgarian Energy Exchange (IBEX). NEK is a leading force in Bulgaria’s guarantees of origin sector and plays a key role in the production of electricity from renewable sources. In
Bulgaria: NEK joins IBEX platform to boost guarantees of origin market Read More »
According to the Bulgarian National Statistical Institute, electricity production in May 2025 fell by 21.6% compared to April, totaling 2,585 GWh. Electricity consumption also declined on a monthly basis, dropping by 10.3% to 2,408 GWh. Natural gas consumption in May decreased by 17.8%, amounting to 180 million cubic meters, while domestic gas production remained unchanged
United Group has officially commissioned its second solar power plant in Bulgaria—an 8 MW facility located near the village of Barakovo in the Kocherinovo municipality. This development represents another milestone in the company’s ongoing expansion of clean energy infrastructure across southeastern Europe. The plant features 11,466 bifacial solar panels, each with a capacity of 700
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The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 3.8% reduction in the wholesale price of natural gas for August 2025. The new price stands at approximately 31.7 euros per megawatt-hour, excluding VAT and excise duties. This follows a 0.6% price increase that was approved for July. The pricing decision takes into
Bulgaria cuts wholesale gas price by 3.8% for August 2025 Read More »
Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million in the first half of 2025, a significant improvement compared to a €11.5 million loss during the same period in 2024. The company’s total revenues fell to €6.65 million, down from €12.9 million in the first six months of 2024. Total expenditures
Bulgaria: TPP Maritsa 3 narrows loss to €2.7 million in first half of 2025 Read More »
The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately €150,000 in the first half of 2025, down from €380,000 in the same period last year. Total revenues increased significantly by 68.8%, reaching €108.3 million compared to the first six months of 2024. However, total expenditures also rose by 69.6%, amounting to
