An alternative scenario of Bulgarian energy sector development

The alternative scenario “Vision 2030: Cheaper Electricity and Competitive Economy” was publicly presented on December 7th. The analysis has been prepared by the international investment fund “PostScriptum” and supported by the leading associations of producers – Bulgarian Wind Energy Association (BGWEA), Bulgarian Photovoltaic Association (BPVA) and the Association for Production, Storage and Trade of Electricity (APSTE).

According to the analysis, the optimal opportunity in front of the Bulgarian energy sector is the development of 7 GW new wind and solar capacities on a market basis.

The realization of this scenario would lead to reduction of electricity costs, and in this sense, it would encourage the industry. Private investments in energy projects would reach nearly 16 billion BGN by 2030. A part of them could be realized as a solution for the transition to a low-carbon economy in the Maritsa Basin region. Production capacity should also be increased, which would make the country a major exporter of green electricity. The development of the RES sector would create over 20,000 new jobs and would encourage Bulgarian engineering and construction companies.

Last but not least, the analysis highlights that RES production would bring to the front environmental targets in the country, where clean air has been one of the critical issues nowadays.