Does Bulgaria have a good energy sector?

Bulgaria’s energy sector is at a critical juncture, with two main objectives shaping its direction: decarbonization and reducing reliance on Russian energy. Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power.

Is Bulgaria getting more solar power?

Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power. Solar energy production has surged from one gigawatt (GWh) in 2019 to more than three GWh today, with solar accounting for nearly half of the country’s electric capacity from renewables.

What role does Bulgaria play in energy transit projects?

Due to its strategic location in Southeast Europe (SEE), Bulgaria played a crucial role in various energy transit projects, particularly pipelines aimed at transporting natural gas. The country’s participation in both the Russian-backed South Stream pipeline and the EU-endorsed Nabucco project demonstrated this dual allegiance.

What is Bulgaria's energy strategy?

Despite being a net electricity exporter, with major buyers like Romania, Greece, and North Macedonia, Bulgaria’s energy strategy remains fossil-fuel dependent. The 2019 National Energy and Climate Plan indicated a long-term reliance on coal and nuclear, with no immediate phase-out in sight. 4. Future prospects

Does Bulgaria have a good energy mix?

In recent years, with the help of the European Community, Bulgaria has invested in key infrastructure projects with partners such as Greece, Romania and Serbia, which will benefit its energy mix in the long term.

What does HDT Brasil do?

HDT Brasil participates in investments of around R$ 3 billion in the country, in clean energy projects, that is, renewable sources. Through strategic alliances. The company focuses on the development of the renewable energy chain as a way to grow sustainably and signs a partnership with MTR Solar and Evolua Energia.