EBRD Advances Renewable Energy Investment in Bulgaria
The European Bank for Reconstruction and Development (EBRD) is expanding its investment in Bulgaria's renewable energy sector, focusing on solar capacity and battery storage. This initiative follows the successful deployment of nearly €1 billion in Recovery and Resilience Plan funds to mobilize private capital.
Why it matters
This investment is a significant step in Bulgaria's energy transition and demonstrates the effectiveness of public-private partnerships in green infrastructure.
The European Bank for Reconstruction and Development is strengthening renewable energy and infrastructure investment in Bulgaria after the country completed key energy milestones under its Recovery and Resilience Plan. EBRD-backed programmes have helped mobilise private investment, support 3 GW of solar photovoltaic capacity and develop 15 GWh of battery energy storage. The bank is also working with Bulgaria's government on a new framework for public-private infrastructure projects. Key Overview Nearly €1 billion in Recovery and Resilience Plan funds has helped mobilise several times that amount in private investment. Supported projects include 3 GW of solar photovoltaic capacity and 15 GWh of battery storage. The EBRD has worked with Bulgaria's Ministry of Energy since 2023. Additional battery storage projects are being explored. The EBRD and Bulgarian government signed a memorandum on a Public-Private Partnership Preparation Facility. The bank has invested nearly €5.3 billion across 330 projects in Bulgaria.
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