According to local media reports, Bulgaria’s goal is to add 2,500 megawatts of renewable energy installed capacity, mainly solar power plants, by the end of 2024.

According to the national power system operator, Bulgaria plans to add 1600 MW of solar power generation capacity.

In 2020, Bulgaria will add 77 megawatts of photovoltaic capacity, and it is expected to increase by 114 megawatts this year.

As of the end of 2020, Bulgaria’s cumulative renewable energy power generation capacity is about 1,800 MW, accounting for one-fifth of the country’s total capacity, of which photovoltaic power plants account for 1,100 MW and wind power accounts for 700 MW.

According to the national strategic blueprint published on the parliament website last year, Bulgaria plans to increase the installed capacity of 2,645 megawatts through renewable energy (mainly photovoltaic power plants) by the end of 2030, which is in line with the EU's green energy transition goals.

According to the plan, by 2030, the proportion of energy from renewable energy in Bulgaria’s final total consumption should reach 27.1%, while the EU’s target is 32%. In the same year, Bulgaria’s share of renewable energy is expected to reach 30.3% in power generation.

So we are very optimistic about this market solar PV.