On 12 October, met Group signed a share purchase agreement with Enel Green Power S.p.A., the renewable arm of Enel Group, for the acquisition of the 42 MW wind farm near Kavarna in northeastern Bulgaria. The transaction is expected to be completed by the end of December 2020. It has invested 1.3 billion euros in the 690 MW modern galabovo coal-fired power plant, also known as Maritza East 1, in southern Bulgaria and 270 million euros in the Saint Nikola onshore wind farm near Karvana in the north-east. However, in 2014, Bulgaria`s national energy regulator cited the AAE as a potential state aid to the EC. The step came after NEK began running a deficit year after year, because the prices it had to pay for electricity generated by generators, including feed-in tariffs for renewable energy, exceeded the regulated level at which it was sold. A change in the law means that all cogeneration and renewable power plants with more than 4 MW of high efficiency will have to sell their production on the open market from 1 January 2019 – the ibex– electricity exchange. IBEX has been offering both a day market and an intraday market since April 2018. Brussels – The American company AES continues to adhere to its Bulgarian electrical installations, as it deals with changes in the market structure, production contracts and air quality controls, olivier Marquette, president of AES Bulgaria, said in an interview with S-P Global Platts. If the revolving asset and the entity are connected to the identical or connected networks, a sleeve structure can be used. A sleeve structure involves the physical supply of force.
It is a tripartite agreement whereby the generator, the company and a distribution company manage the supply of electricity from one to the other. Similarly, the AAEs of Bulgarian companies are not specifically regulated. In general, all electricity produced in Bulgaria is sold through the IbEX (Independent Bulgarian Energy Exchange). A generator that wants to sell energy directly to an energy user should do so through IBEX with the help of a licensed electricity distributor. Although there is no specific regime for enterprise PPPs, Bulgaria`s Energy Act provides for certain options for the direct purchase of energy from renewable producers with facilities commissioned after 1 January 2019.
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