The population of Bulgaria was 7.13 million and the current gross domestic product (GDP) was $52.40 billion as of 2016. Bulgaria solar photovoltaic (PV) power market value, which was USD XXX billion in 2016, is expected to grow to USD XXX billion in 2017, at a CAGR of XXX percent. The solar radiation potential on the Bulgarian territory is considerable despite the large differences in the sunlight intensity between the various regions in the country. The average annual sunshine duration is roughly 2,150 hours and the average solar radiation resource is 1,517 kWh/m2. The available data from the distribution of the solar energy throughout the country suggests that the most favourable regions for the development of photovoltaic parks are the Danube plain, the Southern provinces of the country and the Black Sea coast, where the annual hours of sunshine amount to between 2,100 and 2,300.
The public provider National Electricity Company EAD (“NEK”) and the end suppliers (Energo-Pro Sales AD, CEZ Elektro AD and EVN Bulgaria Electricity distribution EAD, “ES”) are obliged to purchase the RES-Electricity generat¬ed by RES-Electricity plants (except from hydro power plants with installed capacity above 10 MW), up to the amount of “net specific generation of electricity” set out for the specific type of power plant.
The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, nuclear sources, and connecting to the European power infrastructure.
- Snapshot of the country’s renewable and solar PV power sector across parameters - country overview, current power and solar photovoltaic (PV) power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
- Statistics for cumulative and annual installed solar photovoltaic (PV) power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of solar photovoltaic (PV) power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable (incl. solar PV) and nuclear
- Data on key issues witnessed in the Bulgarian solar photovoltaic (PV) sector.
- Information on future plans and strategies to meet increasing power demand.
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s solar photovoltaic (PV) power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development opportunities
1.1 Research Methodology
2 EXECUTIVE SUMMARY
3 BULGARIA SOLAR PV POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Solar PV Power Market in Bulgaria
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Capacity and Revenue
3.6 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
Chart 1: Solar Resource Map of Bulgaria
Chart 2 Share of Solar PV Power from Total Installed Power Generation Capacity in Bulgaria in 2016
Chart 3: Bulgaria Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 4: Bulgaria Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 5: Structure of Electricity Power Market in Bulgaria
Chart 6: Cumulative (CAGR) Installed Capacity of Photovoltaic (Solar PV) Power Plants in Bulgaria (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Bulgaria (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Bulgaria (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Bulgaria (in Millions USD) 2012 ÷ 2017, including forecast