Written by admin on януари 15, 2010 – 9:08 am
According to a recent report about the Bulgaria Solar PV Market the country is the best destination for solar energy investment in Eastern Europe.
Summary of the report
Bulgaria is the new found hotspot for solar PV technology in the world. In 2009, the country has become one of the fastest growing solar PV markets in the world with an expected cumulative PV installed capacity of 86.41 MW. Bulgaria added 85 MW of new installed capacity in 2009, next only to Czech Republic. The maturing German and Spanish markets allowed investors to look for new opportunities in Central and Eastern European (CEEP) nations. In the last couple of years, Czech Republic had attracted major share of investments but with the reduction in feed-in tariff in 2010, the country is all set to lose its supremacy in the region, making Bulgaria the next most promising market. In the long term, the country is expected to become the most lucrative PV destination in the CEEP region due to its new feed-in tariff program which guarantees preferential rates for the sale of power produced by solar installations for 25 years.
Scope
- The study discusses the Central and Eastern European (CEEP) countries solar PV power market during 2004-08.
- It also discusses the historical and forecast installed capacity of the Bulgarian solar PV market.
- The study also briefs the factors that could make the Bulgarian Solar PV market the most sought after destination.
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