Image: Ministry of Innovation and Growth (MIG)
Bulgarian companies can receive a grant of 75 000 BGN up to 1 million BGN
Applications for the third open measure under the Recovery Plan are open until 16:30 on 15 May 2023 and have a total budget of BGN 200 million
Late last night, the Ministry of Innovation and Growth opened the third procedure of the Recovery and Sustainability Plan for companies to apply. The total budget of the measure is BGN 200 million. It is aimed at Bulgarian companies that want to build their new renewable energy installations in combination with batteries for local energy storage.
From BGN 75,000 to BGN 1 million in grants are available to Bulgarian companies for the construction of the systems in mandatory combination with a battery as storage technology.
The measure targets micro, small, medium-sized companies and companies with up to 3,000 employees from different economic sectors.
The co-financing is up to 50% under the Recovery Plan, and the interest of companies in the measure is expected to be extremely high, as it became clear during the tour of the country by Minister Alexander Pulev with the mobile reception of the MIG and the meetings he held with local businesses and local authorities in all districts.
With the funds provided by the MIG under the Recovery Plan, up to 1 MW of capacity and electricity storage facilities can be built. The photovoltaic system with battery must be constructed on a building or property wholly owned by the applicant. The electricity from these systems will only be usable within the specific production and cannot be sold. The investment will help companies reduce their costs and become less dependent on the free electricity market. The measure targets only solar photovoltaic energy and has as a mandatory element the acquisition of technology and storage facilities in the form of batteries, which contributes to the balance in the power produced.
Documents must be submitted electronically via the EUMIS 2020 system by 16:30 on 15 May 2023. Questions on the conditions for application can also be submitted on the same platform up to 21 days before the application deadline.