Wednesday, July 24, 2024

Bulgaria’s battery storage market gears up – pv journal International

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Bulgaria has put in between 40 MWh and 50 MWh of battery power storage capability thus far. However, a brand new nationwide laws in addition to funds offered by way of the European Union’s Recovery and Resilience Facility may see the nation set up one other 1 GWh within the subsequent two years.

From ESS News

Sepehr Soltani, main power storage analyst on the Norwegian consultancy Rystad Energy instructed the RE-Source Southeast Conference that happened in Sofia, Bulgaria, in May that Bulgaria provides the very best income potential for battery storage in Europe.

Specifically, in line with the info offered by Soltani on the RE-Source Southeast Conference, the Bulgarian electrical energy market provides a chance for € 110 per MWh of revenue with a battery power storage system with two hours of discharge capability utilizing power arbitrage. Rystad Energy’s evaluation units the price of the battery system at a flat €60 per MWh.

Despite this chance, the convention argued that thus far power storage shouldn’t be a giant deal in Bulgaria and this is because of Bulgaria’s massive coal and nuclear operational capacities. However, the nation should adjust to European Union (EU) guidelines for decreasing emissions and part out coal crops. As renewable power fills the hole in coal era, the position of power storage must also enhance.

“In reality, we’re already seeing the transition to power storage in Bulgaria, particularly by way of the event of battery storage amenities behind the meter,” Alexander Rangelov, CEO of the International Power Supply (IPS) Group, an power storage producer headquartered. in Sofia, mentioned pv journal.

Bulgaria has put in between 40 MWh and 50 MWh of battery capability so far, with enterprise fashions based totally on grid balancing and arbitrage. Interestingly, in line with Rangelov, some massive customers, similar to factories, additionally set up behind-the-meter battery power storage programs even when there isn’t a renewable electrical energy era facility. on the positioning. “They do that to cut back their electrical energy prices by way of self-consumption of power saved throughout low electrical energy costs,” he mentioned.

Another growth that can increase battery storage in Bulgaria is the latest replace of nationwide laws that can embody battery power storage programs as part of the grid.

“In the previous, battery programs have been solely used for self-consumption and back-up functions, we consider that new enterprise alternatives have arisen right now. The legislative replace mixed with the brand new financing of the European Union’s Recovery and Resilience Facility implies that about 1000 MWh of latest battery capability is predicted to be related to the grid inside the subsequent two years. This capability will likely be used for photo voltaic peak shaving and grid balancing,” mentioned Rangelov.

Bulgaria’s Ministry of Energy is at the moment working two tenders geared toward commissioning 1,425 MW of photo voltaic and wind era capability mixed with 350 MW of behind-the-meter power storage. The deadline for submitting challenge proposals is June 12, 2024 and the ministry is accepting bids from corporations in all sectors besides agriculture, forestry, and fishing. So far, the federal government has not introduced plans to become involved on the power storage capability entrance within the metro.

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