Bulgarian companies receive BGN 200 million to build own RES plants

A total of BGN 200 million will be invested by the Ministry of Innovation and Growth in the construction of RES capacities and facilities for the production and storage of energy up to 1 MWh for businesses. The measure will support SMEs and small mid-cap companies across the entire economic spectrum, with the exception of the "Agriculture, Forestry and Fisheries" and "Production and Distribution of Electricity, Heat and Gaseous Fuels" sectors. With the introduction of internal systems for the production of electricity for own consumption, greater energy independence of companies will be achieved. This was announced today by the Ministry of Innovation and Growth.

The procedure for financing photovoltaics and batteries is one of three under the National Recovery and Resilience Plan (NRRP), which are to be opened by the end of the year.

Under another measure with BGN 30.6 million, companies will be able to implement modern ICT solutions to improve management, production and logistics processes. The increase in information and cyber security will also be stimulated. The measure will be launched in September and will target SMEs from all sectors excluding Agriculture, Forestry and Fisheries, Mining, Construction, Education and Social Work. The reason is that funds for them are set aside in other European programs and projects.

The National Plan envisages further investments in research, development and innovation activities, including technology demonstration, prototyping, intellectual property management, etc. They will be under the procedure "Financing of innovative enterprises that received the "Seal of Quality" under the competitions of the European Innovation Council. Its total budget is BGN 118,560,000, and the beneficiaries will be small and medium-sized enterprises. Foreign companies implementing projects on the territory of Bulgaria in partnership with other companies and/or scientific research organizations and universities will also be able to benefit. Application guidelines for the measure are expected to be published in September.