The European Conference on Energy and Climate Security was held in recent days in Sofia. The occasion of this meeting, in addition to providing us with information on the state of the ecological transition that has begun in recent years throughout the Old Continent, is also an excellent litmus test capable of giving us some indications on what will be the areas of investment, both for the public and private sectors, in the next 10-20 years.
And as we had already had the opportunity to tell you in our previous article post the area that at the moment seems to show the greatest excitement, also from a future perspective, is that of energy and energy supply, an area that for Bulgaria represents an important bet being one of the nations still too tied to coal. A dependence that is too costly 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. To this it must be added that from 2025 the European Union will ban state aid for coal-fired power plants.
Various points of view on the topic were expressed during 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 can be most useful to those who do business in Bulgaria, or are thinking of doing so in the near future.
From this perspective, what is stated by Martin Vladimirov, director for energy and climate at CSD, is very interesting: according to Vladimirov there are three key lines to follow. The first is the abandonment of nuclear power, a type of energy which, according to Vladimirov, will no longer be economical 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 topic by Ivan Ivanov, president of the Energy and Water Regulatory Committee (EWRC), according to whom Bulgaria must focus on renewables and increase nuclear power seen every day it also exports from 1000 to 2000 MWh of electricity to the Balkan countries.
