Renewable energy

Renewable energy

In 2007-2011, Bulgaria installed a substantial amount of renewable energy capacity across both solar PV and wind to add to its substantial base of hydroenergy at that point.

That was a period in which the central government offered subsidy-fuelled growth in projects.  Subsidies took the form mainly of feed-in-tariffs, but these were withdrawn sharply at the end of the first phase. Since then, the installed base increased through smaller projects, adjunct to residential and industrial development, usually without grid connection and not intended to supply external customers but instead the project sponsor’s own needs.

As grid parity has emerged, and given Bulgaria’s generous insolation resource in particular, the PV base is undergoing another renaissance.

NBLO assists developers from the prospect phase until after connection with aspects ranging from real estate and planning, to the negotiation of the financing and security package, to the preparation of Power Purchase Agreements and agreements concerning services supplied by a variety of providers, local energy distribution companies and others.

We are deeply familiar with the renewables space both in Bulgaria and internationally and the team keeps itself at the cutting edge of sectoral developments in clean tech including battery storage; green transportation; optimisation and hydrogen.

© New Balkans Law Office 2022

The Bulgarian and dual-qualified lawyers of New Balkans Law Office are regulated by the respective Bar of their registration. New Balkans Law Office is a brand name of Legal Services EOOD, a company registered under Bulgarian law. Reg’d No. 202331677. Further details are available here.

© New Balkans Law Office 2022