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Bulgarian Energy Efficiency Fund

Bulgarian Fund Gives Boost to Solar Thermal

Submitted by Baerbel Epp on March 21, 2014
Bulgaria KindergartenWhy is it that, although climate conditions in Bulgaria are favourable, you don’t see a lot of solar collectors on Bulgarian roofs? “The reason is simple,” Dimitar Doukov, Executive Director of the Energy Efficiency and Renewable Sources Fund (EERSF), says. “A lack of state subsidies, because Bulgarian homeowners can only apply for soft loans from the European Bank for Reconstruction and Development (EBRD).” Residential homeowners wouldn´t apply for an EERSF loan to invest only in a solar water heater, because the EERSF loans range from Bulgarian Lev (BGN) 30,000 to BGN 3 million. But an increasing number of hospitals and nurseries are equipped with solar collectors thanks to the fund’s activities. The photos show a nursery in the city of Burgas before and after renovation.
Photo: Municipality of Burgas

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