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Bulgarian renewable energy sources to increase ten-fold by 2020
A new report issued by the European Wind Energy Association (EWEA) has
shown that Bulgaria is emerging as one of the world's leading wind
energy markets. Over the past year alone, Bulgaria has attained 330
megawatts in wind capacity which is more than double the 158 megawatts
at the end of last year. The Global Wind Energy Council's Global Wind
2008 Report detailed the three-fold increase in Bulgaria's wind capacity
from 2007-2008, up from 57 MW. EWEA now expects the wind capacity in
Bulgaria to reach over 3,000 MW by 2020. This will equate to 13.5% of
the country's projected electricity demand.
The EU mandate
expects 16% of all countries' projected electricity demand to be
produced by renewable energy by 2020. As it stands, this South-Eastern
European country is achieving 9.4% of its electricity demand from
renewables. Data gained from the U.S. Energy Information Administration
evidenced that Bulgaria had a total installed capacity across all
sources of 11.2 gigawatts three years ago.
If Bulgaria reaches
the level of renewables predicted by the EWEA, it would be in a position
to assist neighbouring countries in South Eastern Europe who are having
difficulty meeting the targets by selling renewable energy to them. The
Bulgarian Ministry of Energy has projected that this would result in
revenue of between €7.5 billion and €10 billion over the ten year
period. Bulgaria is now expected to deliver its renewable energy action
plan to the EU by June of next year.
According to Christian
Kjaer, Chief Executive of EWEA, Bulgaria has a further 8 GW of renewable
energy projects planned. His news release read: “If current planning and
grid access barriers are streamlined, Bulgaria will soon be one of
Europe's wind energy front-runners.”
Enel, the largest
electricity provider in Italy, bought a third of a 1.4 GW wind project
based in Greece last year. As a result of this deal, Enel also had the
option to be a part a wider development in neighbouring Bulgaria of 180
MW of wind energy.
Based on EWEA figures, 65 GW of installed wind
capacity was installed across the EU by the end of last year. Of all
renewable energy systems, wind was responsible for generating 36% of
electricity. However, despite the progress which continues in Bulgaria
other South-Eastern European countries are facing hurdles in their
endeavours. Bordering country Romania had only installed 10 MW of wind
capacity by the end of 2008 which resulted in the EWEA entering into
negotiations with the Romanian government to find ways to work around
these barriers.
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