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Developmnent of the renewable energy sector in Bulgaria. Lessons from European experience

  • The purpose of this study was to investigate the development process of renewable energy sector in Bulgaria and how far it is at the moment. Another aim was to find out the issues that exist in this field, as well as possible forecasts for the future. The research was based on different literature sources and primary research techniques like interviews, which succeeded to answer the proposal questions. The key challenges Bulgaria is faced with were also identified through provided industry analysis and detailed outlook of the available renewables in Bulgaria. The analyses of the thesis indicate the main issues that appear in the current legislative and administrative structure. Furthermore, the investigation found that there is a lack of liberalization of the market, which leads to confusion in the whole business picture of Bulgaria. This research contributes for better understanding the potential of the renewables in Bulgaria although the non-availability of great political conditions as well as the pure issues in the social and economic growth. The results provide also suggestions for making better policies and finding more partners due to the fact that sustainable future is better for all of us.

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Author:Ivelina Sabelova
Advisor:Daniel Cerquera
Document Type:Bachelor Thesis
Year of Completion:2015
Year of first Publication:2015
Release Date:2015/11/26
Tag:Bulgaria; Economic policy; Environmental aspects; Renewable energy sources; Strategic planning; energy sector; planning; renewables
Degree Program:IBM - International Business Management
Functional area:Business Strategy