New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses

published on 9/28/24 5:05 AM

Photo: pixabay

The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not small at all.

The measure is known as RESTORE and is part of the Low Carbon Economy section of the National Recovery and Resilience Plan. Its aim is to enable a significant increase in the share of renewable energy in the country's energy mix, while also building the necessary infrastructure to store it.

The investment will support the construction and commissioning of a national infrastructure of renewable energy storage facilities with a capacity of at least 3,000 MWh.

The budget of the long-awaited measure is more than BGN 1.15 billion, which can benefit small, medium and large enterprises.

The deadline for submitting proposals for the implementation of the investment is 21 November.

The investment must be implemented by 31 March 2026 at the latest. More information on the topic and how to apply can be found HERE.

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New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses

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