Bulgarian Photovoltaic Association

Around 400 small photovoltaic plants built with EU funding face bankruptcy due to amendments to energy legislation adopted in July, according to reports of the Bulgarian Photovoltaic Association (BPVA).

Industry representatives complained that the legal amendments reduced the price of the energy produced by them by around 80%.

The Bulgarian Photovoltaic Association (BPVA) has proposed that the government invite experts from the EU Commission to for a new assessment of the troubled energy sector.

Bulgarian caretaker Deputy Prime Ekaterina Zaharieva will head the energy board to be established during Wednesday's government sitting.

According to a draft decree of the caretaker government, as cited by Sega daily, Zaharieva's Deputy will be Vasil Shtonov, caretaker Minister of Economy and Energy.

Bulgaria's Constitutional Court on Thursday revoked the 20% fee levied on the income of photovoltaic plants and wind farms that has spooked investors.

Representatives of Bulgarian Photovoltaic Association (BPA) were hindered from entering Bulgarian energy watchdog DKEVR's session on Monday.

Members of the BPA said that their commercial interests had been infringed by the State Commission for Energy and Water Regulation (DKEVR) after the latter decided they could not attend the meeting, the website Expert.bg reported.

The Bulgarian Photovoltaic Association (BPVA) has proposed the establishment of an energy board for the financial stabilization and restructuring of the energy sector.

Meglena Rusenova, BPVA Chair, explained Monday that the proposal had been triggered by the processes taking place in the energy sector over the past few days.