SOFIA (Bulgaria), December 29 (SeeNews) – The production of energy from renewable sources in Bulgaria will rise by 78% to 1,955 ktoe (kilotonnes oil equivalent) from its 2005 level by 2020, the Bulgarian cabinet said on Tuesday.
The forecast is part of a strategy blueprint for the development of renewable energy sources in the country by 2020 adopted by Ministry of Economy, Energy and Tourism. Bulgaria has a potential to produce 4500 ktoe per year, of which the biggest shares go to biomass – 36%, and hydro energy – 31%, the ministry has forecast.
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From 2017 Bulgaria will have to import bio-fuel in the amount of 30 to 80 ktoe per year in order to comply with EU regulations requiring the country to cover at least 16% of its gross energy consumption from renewable resources by 2020.
Electricity generated from renewable resources, mostly water, currently cover less than 10% of Bulgaria's gross electricity consumption. The country has 330 megawatts of installed wind energy capacity and just 3.0 MW of solar energy capacity.
(1 euro = 1.95583 Bulgarian levs)