12.6 BGN billion from the EU and over 8.2 BGN billion in Bulgarian co-financing – this is the framework of the fourth version of the Recovery and resilience plan. The green transition is at the forefront of the plan, concentrating 38.1% of the total estimated costs.
The oldest buildings will receive 100% grant funding. Those with energy class D, and those built between 1991 and 2001, will be able to count on 85% of the money for renovation. The rest will be co-financed by the owners. Separately, 140 BGN million are allocated for photovoltaics on the roofs of single-family houses with no connected to a district heating company or a gas distribution company. The national funding for them is 100 BGN million.
The penetration of green hydrogen into the energy sector will be supported by 330 BGN million, which will be used for the construction of transmission infrastructure, as well as to support transition to low-carbon fuels for power plants in coal regions. Another 68.4 BGN million are provided to support pilot projects for the production of green hydrogen and biogas.
The state will have a new natural gas power plant at TPP Maritza East 2. It will have a capacity of at least 1000 MW. 498.7 BGN million will be coming from EU. National co-financing of 1.16 BGN billion is envisaged for the project. Thus, the new gas capacity is expected to cost about 1.6 BGN billion and it is not clear where the Bulgarian financing for it will come from.
877.7 BGN million of EU funds and 1.78 BGN billion of co-financing are provided for the construction of a minimum of 1.7 GW of RES and battery capacities. The mechanism is planned to launch with six tender procedures every six months, starting from January 1 next year. Each tender is for the provision of at least 285 megawatts of renewable sources. The implementation of the project will be supported by a grant for the investor offering the highest capacity. The batteries are expected to have a capacity of at least 4 hours and covering minimum 25% of the total renewable energy production capacity of the plant. The construction of these 1.7 gigawatt RES capacities with batteries is planned by the end of 2025.
Another 92.5 BGN million is provided for a pilot project for production of energy from geothermal sources. The future geothermal power plant will have a capacity of 5 MW for electricity generation and 30 MW for heat.
The fourth and currently final version of the plan is published on:
https://nextgeneration.bg/upload/55/%D0%9D%D0%9F%D0%92%D0%A3_July2021.pdf (available only in Bulgarian)
