Key Market Indicators
Bulgarian renewable energy generation is on a steady rise, projected to reach approximately 8 terawatt-hours by 2028. This marks an increase from around 6 terawatt-hours in 2023, reflecting an average annual growth rate of 4.2%. Since 2009, Bulgaria's renewable energy supply has seen a consistent year-on-year increase of 7.4%. As of 2023, Bulgaria ranked 22nd in global renewable energy generation, with Hungary surpassing it at a similar level of 6 terawatt-hours. Leading the pack in this ranking are the United Kingdom, Spain, and France, holding the second, third, and fourth positions respectively.
