Cooperation between Bulgaria and Italy will contribute to the accelerated connectivity of energy markets in Europe
Energy Ministers of the two countries Vladimir Malinov and Prof. Dr. Gilberto Frattini signed a memorandum of cooperation
"Bulgaria and Italy will continue to deepen their cooperation in the field of energy in the process of achieving the goals of a low-carbon European economy." This was stated by Energy Minister Vladimir Malinov during a bilateral meeting with Prof. Dr. Gilberto Frattini, Minister of the Environment and Energy Security of Italy. They signed a memorandum of understanding between the two ministries.
Bulgaria and Italy will support the efforts of energy institutions and companies in their countries to promote cooperation in the field of nuclear, renewable energy and hydrogen.
The Memorandum envisages the establishment of a joint working group to define and develop specific forms of cooperation, including by promoting the use and transfer of knowledge and know-how related to the more effective use of renewable energy sources, renewable hydrogen and new energy technologies aimed at improving energy efficiency, effective energy storage, introducing smart grids and supporting research and innovation.
Continuing the talks during the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, which took place in Baku, Ministers Malinov and Frantin were categorical that the cooperation between Bulgaria and Italy will contribute significantly to the accelerated connectivity of the natural gas and electricity markets in Europe. We recall that Italy is one of the countries supporting the Bulgarian initiative on energy connectivity dialogues in support of the European Political Community's regional partnerships for an improved energy transition, which was presented at COP29 in Baku.
During his working visit to Italy, Minister Vladimir Malinov discussed with the management of one of the largest energy companies in Europe – ENEL, the development of the renewable energy sector, the improvement of energy efficiency and green technologies. “Improving electricity connectivity in Europe will allow our consumers to have access to energy at competitive prices,” Minister Malinov emphasized.