Schoenherr has advised the Bulgarian Ministry of Energy on launching two support schemes under the Bulgarian Recovery and Resilience Plan.
According to Schoenherr, the RES & Storage scheme facilitated the first-ever renewable energy and storage auctions in Bulgaria – conducted under the GBER – with nearly 400 applications received and over 200 projects expected to be financed at a total value of approximately EUR 269 million. Moreover, the RESTORE scheme secured state aid clearance from the European Commission under the TCTF to support standalone storage projects, targeting the installation of at least 3,000 megawatt/hours of new grid-scale electricity storage capacity by March 2026, with an estimated investment aid budget of around EUR 590 million.
The Schoenherr team included Partners Bernd Rajal and Stefana Tsekova and Attorneys at Law Marta Katarzyna Krzystek and Dimitar Kairakov.
