The European Conference on Energy and Climate Security was held in Sofia a few days ago. The occasion of this forum, in addition to providing us with information on the state of the ecological transition begun in recent years throughout the Old Continent, is also an excellent litmus test able to give us some indications on what will be the investment areas, both for the public and the private sector, in the next 10-20.

And as we had the opportunity to anticipate already in our previous post, the area that at the moment seems to show the greatest excitement, also in a future key, is that of energy and energy supply, an area that for Bulgaria represents a bet important as one of the nations still too tied to coal. An addiction that is too expensive in terms of pollution but also in economic terms. The prices of carbon dioxide emissions from coal-fired power plants are extremely high, reaching 200 levs per 1 MWh. In addition, from 2025 the European Union will ban state aid to coal-fired power plants.

Various points of view on the subject were expressed in the context of the Conference. However, as we are a consultancy company that works alongside entrepreneurs, in this post we would like to report those data and forecasts that may be most useful to those who do business in Bulgaria, or plan to do so in the near future.

From this point of view, what was declared by Martin Vladimirov, director of energy and climate of CSD, is very interesting: according to Vladimirov there are three key areas to follow. The first is the abandonment of nuclear power, a type of energy that, according to Vladimirov, will no longer be cheap from 2040. Instead, according to him (another trend), we should focus on wind power by accelerating the construction of new wind farms in the Black Sea An acceleration that should go hand in hand with greater exploitation of geothermal energy.

A similar opinion was also expressed on the subject by Ivan Ivanov, president of the Committee for the regulation of energy and water (EWRC), according to which Bulgaria must focus on renewables and abound in nuclear power seen every day exports even from 1000 to 2000 MWh of electricity in the Balkan countries. Ivan Ivanov, presidente del Comitato per la regolamentazione dell’energia e dell’acqua (EWRC), secondo il quale la Bulgaria deve puntare sulle rinnovabili e abbondare il nucleare visto ogni giorno esporta anche dai 1000 ai 2000 MWh di elettricità nei paesi balcanici.