The Bulgarian Speaker signed and announced on the 3rd a bill to encourage the development and use of renewable energy. According to national legislation, this bill takes effect immediately after it is published.
According to the "Renewable Energy Law," the Bulgarian government will encourage people to develop "green" energy by purchasing wind power for 12 years, hydropower for 15 years, and photovoltaics and bio-electricity for 20 years at preferential prices. According to the law, the fixed purchase price of green energy cannot be changed within this period.
The current purchase price of photovoltaic power in Bulgaria is US$0.515/kWh, and the purchase price of other green energy power is US$0.15/kWh.
According to the latest data released by the Bulgarian Ministry of Economy, Energy and Tourism, in 2010, renewable energy including hydropower, wind power, photovoltaics, and bio-electricity accounted for 15% of the country's total energy output. Of these "green" energy sources, The proportion of hydropower is 87%, wind power is only 12.5%, and solar power only accounts for 0.5%.
In recent years, the government has adopted a series of measures to strongly encourage the development of photovoltaic power plants, and strives to achieve an installed capacity of 600 megawatts of photovoltaic power plants by 2013, compared with only 1 megawatt in 2008.
According to the "Renewable Energy Law," the Bulgarian government will encourage people to develop "green" energy by purchasing wind power for 12 years, hydropower for 15 years, and photovoltaics and bio-electricity for 20 years at preferential prices. According to the law, the fixed purchase price of green energy cannot be changed within this period.
The current purchase price of photovoltaic power in Bulgaria is US$0.515/kWh, and the purchase price of other green energy power is US$0.15/kWh.
According to the latest data released by the Bulgarian Ministry of Economy, Energy and Tourism, in 2010, renewable energy including hydropower, wind power, photovoltaics, and bio-electricity accounted for 15% of the country's total energy output. Of these "green" energy sources, The proportion of hydropower is 87%, wind power is only 12.5%, and solar power only accounts for 0.5%.
In recent years, the government has adopted a series of measures to strongly encourage the development of photovoltaic power plants, and strives to achieve an installed capacity of 600 megawatts of photovoltaic power plants by 2013, compared with only 1 megawatt in 2008.
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