Bulgaria: RES electricity production increased in 1H2015

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By 20.33% y/y increased the power production from RES between January
1 and July 5, 2015, reads data of the ESO (Electricity System
Operator). Thus the legal amendments that put an end to the
subsidizing of RES do not seem to have affected the sector in H1’15.

Big wind farms made 25.22% more electricity and the big photovoltaics
– 7.03% more. For the smaller producers the increase was respectively
by 30.11% and 8.28%. The power production from biomass hiked by
200.14%. The huge growth rate, however, is due to last year’s low
production and fewer power capacities. Biomass still holds a small
share in power production.

WPPs made 74.03% more electricity than in H1’14 because of the rains
and the full dam lakes. The baseload power production (NPP and TPPs)
grew by 0.8%.

In total the power made in Bulgaria for H1’15 is 9.04% up y/y and the
consumption is 3.29% higher y/y.

However, the number is more than 10 times bigger regarding exports.
Bulgaria exported 36% more electricity in H1’15 compared to the same
period a year ago.

Bulgaria’s electricity export in the summer goes mainly to Greece and
Turkey. Despite the crisis there is no decrease in the export to
Greece over the past few weeks. On July 9 the export load to
Bulgaria’s southern neighbor was 421-542 MW in different hours. The
export load to Macedonia was 374-504 MW and to Serbia it was 265-394
MW. The export load to Turkey was 469-760 MW. The ESO, however,
explained the electricity directed to Turkey goes to Greece. Thus the
load to Greece in recent days is 700 MW. On July 9 the Romanian
electricity going through Bulgaria was 122-400 MW.