Does Bulgaria have a good energy sector?

Bulgaria’s energy sector is at a critical juncture, with two main objectives shaping its direction: decarbonization and reducing reliance on Russian energy. Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power.

Is Bulgaria a energy-intensive country?

Bulgaria remains the most energy-intensive economy in the EU by a wide margin. The structure of Bulgaria’s final energy consumption is like that of the EU. Bulgaria’s economy consumes 3.5 times more energy resources per unit of its GDP than the EU average. That may not sound alarming, but Bulgaria is highly dependent on coal and nuclear power.

Is Bulgaria getting more solar power?

Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power. Solar energy production has surged from one gigawatt (GWh) in 2019 to more than three GWh today, with solar accounting for nearly half of the country’s electric capacity from renewables.

What is the main source of electricity in Bulgaria in 2022?

Coal energy was the main source of electricity production in Bulgaria in 2022. It accounted for over 45 percent of total electricity generation. Nuclear energy ranked second, making up 35 percent of total production.

How many renewable power plants will Bulgaria have in 2024?

Bulgaria will add over 2,500 MW of installed renewable power capacity by the end of 2024 through the installation of 700 MW of wind farms, 1,600 MW of solar parks, and 219 MW of biomass-fired power plants. In Bulgaria, the National Electric Company (NEK) owns 15 conventional hydro and pumped-storage plants.

Does Bulgaria have a nuclear power market?

The Bulgarian electricity market is in transition, but nuclear power is expected to retain its large share of generation capacities. The government intends to decrease its coal power capacity to gradually replace it with renewable power capacity.