Bulgaria Slowly Turning From Coal To Renewable Energy

The Republic of Bulgaria has a population of approximately 6.94 million people[1]. In 2016, national utilities used coal (46.4%), nuclear power (34.2%), renewable energy (14.4%), and natural gas (5.0%) to generate electricity[2] in the country. Hydropower is the primary source of renewable energy source in Bulgaria.

On January 1, 2007, Bulgaria became a member of the European Union (EU). In 2008, Bulgaria enacted the Renewable and Alternative Energy Sources and Biofuels Act, which established a binding national target for the share of energy from renewables at 16% by 2020.

In 2016, the European Union (EU) signed the Paris Climate Agreement and committed to a 40% reduction in greenhouse gas emission by 2030 compared to 1990 levels[3]. As a member of the EU, Bulgaria is committed to the Paris Climate Agreement.

Austrian utility, Enery BG 1 has announced plans to build a 400 MW solar power plant in southern Bulgaria. The solar power plant is scheduled to be completed by year-end 2021.

Enery BG 1 is a subsidiary of  the multinational, Enery Development which is headquartered in Maria Enzersdorf, Austria. In 2020, the company received regulatory approval to buy the 60.4 MW Karadzhalovo solar park in southern Bulgaria.

Bulgaria’s economy is the ranked 19th among 45 European countries, as measured by gross domestic product[4].The country’s economy is dependent on tourism, information technology, agriculture, pharmaceuticals, and textiles.

Bulgaria has been slow to move from coal to renewable energy. The country will be severely challenged to invigorate their economy following the global pandemic and reduce greenhouse gas emissions as mandated by the EU.

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

 

[1] Bulgaria Population (2020) – World Population Review, September 6, 2020

[2] Bulgaria Ministry of Energy 2017

[3] Carbon Brief “Paris 2015: Tracking Country Climate Pledges”

[4] Bulgaria – The Heritage Foundation 2020

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