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Bulgaria to use EUR 1.5 billion from EU recovery fund for energy efficiency

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Image by Thomas B. from Pixabay

Author: Igor Todorović

Source: Balkan Green Energy News

TIn the draft Recovery and Resilience Plan of Bulgaria, EUR 882.2 million is indicated for incentives for energy refurbishment of residential buildings. The entire energy efficiency segment will be worth EUR 1.53 billion, according to Minister Petya Avramova.

 

TThe government’s current support scheme for the reconstruction of multifamily homes has been suspended, but Bulgaria intends to use funds from the European Union’s Recovery and Resilience Facility to continue and expand the scope of incentives for energy efficiency.

 

Minister of Regional Development and Public Works Petya Avramova told private news outlet bTV that EUR 1.53 billion would be earmarked for the purpose.

 

TEU member countries must adopt national recovery and resilience plans for the period through 2026 to become eligible for financing. Bulgaria published its draft late last month.

 

TAvramova noted single-family homes, industrial, public and municipal buildings and street lighting have been included. The majority share, EUR 882.2 million, is for residential buildings, to be upgraded to energy class B or A.

 

TThe guidelines for application are being prepared and the program will be expanded to renewable energy systems, the minister added. The old scheme was only for the insulation of roofs and external walls and window replacement.

 

TRead the full news here.