Renewable energy plays a key role in achieving Bulgaria’s decarbonisation objectives. Yet their deployment en masse will require a seismic shift in how electricity is generated, distributed and stored. Despite the lack of consistent and transparent government support, the solar market is booming and Bulgaria will likely reach its 2030 renewable energy targets. However, frequent surplus solar photovoltaic generation is putting the grid off balance, and requires urgent policy actions to accommodate the further growth of renewables in the coming years. Bulgaria must capitalise on its offshore wind potential, enable decentralised electricity generation, modernise and upgrade the electricity grid, and promote the wide use of storage solutions. This calls for a strong vision that recognises the role of each technology in the decarbonisation process, based on clearly defined targets, policy and regulatory reform, financial incentives for investors, fair and transparent market conditions and strong support for the innovation ecosystem. The adoption of low-carbon cutting-edge technologies will drastically reduce emissions, while at the same time increase Bulgaria’s energy independence, security of supply, and competitiveness.
