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Bulgaria: EUR 590 million financial grant scheme to support electricity storage projects

Description

On 29 November 2024, the European Commission approved a EUR 590 million (USD 623 million) financial grant scheme from Bulgaria. The scheme will support investments in electricity storage facilities. T...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Nov 2024

Revocation date

31 Dec 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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