The Lake that Generates Power

In the transition to low-carbon energy, Bulgaria can rely on investors with solid experience and knowledge

The plans for achieving full carbon neutrality of the European Union and the need for serious changes in the energy sector of Bulgaria continue to be at the center of news and on the public agenda. The issue is particularly sensitive against the backdrop of high energy prices across Europe, and for ordinary citizens green transition is more and more a source of concern and uncertainty for the future. In the coldest days of January, nearly 60% of the country's electricity was from the coal-fired power plants, and in view of European climate policies, there is already a timespan on their work.

These capacities, in addition to guaranteeing the country's energy security, are also a serious economic factor of regional and national importance, providing livelihoods for tens of thousands of families. Therefore, it is hardly a surprise to anyone that people from the affected regions do not stop worrying about what will happen to their lives in the post-coal period.

At the moment, the indicative date for phasing out all coal capacities in the country is still 2038. The institutions are still working on scenarios for the future of Bulgaria's energy sector, and difficult decisions are yet to come. It is clear, however, that the energy transition will require over a billion BGN of capital investment annually, which far exceeds the limited public resources and attracting investors will be extremely important. The good news is that in the Bulgarian energy sector there are already investors that the country can count on during the transition and in the period after, because they have the necessary experience and know-how in different...

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