Bulgaria, European Bank for Reconstruction and Development sign renewables and energy storage agreements

The Bulgarian Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) have signed two agreements for the development of renewables in the country.

A key part of the National Plan for Recovery and Sustainability, the agreements will support the growth of new solar PV capacity as well as energy storage within the national infrastructure for the storage of electricity from renewable energy sources (RESTORE).

The EBRD will conduct an analysis of all existing energy storage technologies in order to determine the best-suited ones for the country, and will also organise tenders for the delivery of two turnkey systems.

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