Bulgaria must complete key energy sector reforms and boost investment in low-carbon solutions in order to decarbonise its economy and improve its energy security and independence. However, the country lags behind in supporting the deployment of offshore wind, decentralised electricity generation, grid modernisation and flexible storage solutions. The first key step to promote these technologies is the development of a robust regulatory framework, which will demonstrate long-term political commitment and provide predictability to investors. At the same time, Bulgaria must complete the liberalisation of the electricity market to unlock its renewable energy potential and accelerate coal phaseout.

This policy brief highlights the importance of supporting low-carbon technologies in Bulgaria, identifies the main regulatory, financial, and technical barriers to their deployment and provides specific policy recommendations to support the sector.