Energy Efficiency

Bulgarian municipalities get EUR 8.3 million for street lighting through EEA

EEA EUR 8.3 million street lighting Bulgarian municipalities

Photo: Christo Anestev from Pixabay

Published

January 11, 2021

Country

Comments

0

Share

Published:

January 11, 2021

Country:

Comments:

0

Share

Local authorities in Bulgaria are renewing street lighting systems in projects worth almost EUR 9.2 million in total, of which just one tenth is own contribution while 8.3 million was secured through EEA Grants.

Under a program called Renewable Energy, Energy Efficiency, Energy Security, funded by the EEA Grants segment of the European Economic Area Financial Mechanism 2014-2020, twenty best-ranked Bulgarian municipalities will receive between EUR 200,000 and EUR 600,000 each to replace street lighting with smart and energy efficient systems.

Sofia, also known as Stolichna Municipality, won the most points. The capital city will raise EUR 387,000. It is followed by Burgas, the country’s fourth-largest city, which was granted EUR 599 million, more than any other local authority.

Iceland, Liechtenstein, Norway donate funds

The projects are worth an overall EUR 9.2 million, of which EEA Grants approved EUR 8.3 million. The sum includes national cofinancing. The municipalities are providing the remainder. EEA Grants cofinances the projects with up to 100%.

Burgas will receive EUR 599 million, more than any other local authority

The purpose of the program is to boost energy efficiency, reduce lighting costs and improve living conditions. The funds for EEA Grants are provided by Iceland, Liechtenstein and Norway, which approve them in cooperation with the European Union. The selected municipalities cooperate with organizations and firms from the donor countries.

Norway has another program in the financial mechanism. It is called Norway Grants. The EEA Financial Mechanism is for countries with a gross national income (GNI) per capita that is below 90% of the EU average.

Remaining municipalities can apply via national recovery plan

There are 78 municipalities below the line, remaining in reserve, while six applications were rejected. EEA Grants said 107 applied for funding, of which 104 passed to the second stage.

Malko Tarnovo, Varna, Targovishte, Pomorie, Lovech, Plovdiv, Vratsa, Kotel, Sredets, Velingrad, Sandanski, Tryavna, Haskovo, Apriltsi, Veliko Tarnovo, Smolyan, Knezha and Pazardzhik are also on the final list.

Due to such a high interest, the municipalities that met the requirements will get priority for the rehabilitation and modernization of street lighting under the National Recovery and Resilience Plan of Bulgaria. Its Green Bulgaria pillar will include EUR 180 million for the purpose. EEA Grants said the funds are expected to cover 200 more municipal projects.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Development Bank of Austria OeEB EUR 19 8 million GGF

Development Bank of Austria invests EUR 19.8 million in GGF

18 April 2024 - The Green for Growth Fund (GGF) and the Development Bank of Austria (OeEB) have announced an investment of EUR 19.8 million

Belgrade Energy Forum greets top officials global investors renewables

Belgrade Energy Forum greets top officials, global investors in renewable on May 13-14

17 April 2024 - The sponsor roster for Belgrade Energy Forum 2024 is expanding with some of the most prominent global names in the renewables realm

Dimitris Symeonidis Hybrid Energy-Agriculture Cooperatives The “Passe-Partout” key to unlock a Community-led Net-Zero Future

Hybrid energy-agriculture cooperatives: Passe-partout key to unlock a community-led net-zero future

15 April 2024 - Unleashing the untapped potential of bioenergy in communities is of uttermost importance to decarbonise hard-to-abate sectors, such as heating, cooling and heavy transport, but, most of all, it opens the door to the development of hybrid energy-agriculture cooperative

Heating without burning how cities can accelerate the heat transition away from fossil fuels AllisonLeCorre

Heating without burning: how cities can accelerate the heat transition away from fossil fuels

12 April 2024 - Cities have the power to reduce heating emissions on a large scale, through proactive planning and by adopting collective solutions like decarbonized district heating.