An Analysis of Bulgaria’s budding solar market
During the forecast period, the Bulgarian solar energy market is expected to grow by more than 2%. Clean and alternative energy sources are believed to reduce carbon emissions primarily as a result of government initiatives. Market growth is expected to be hindered by factors, such as delays in projects, during the forecast period.
In addition, Bulgaria has received EUR 15 million from the European Investment Bank to support climate action projects, which should aid in the growth of the solar power market.
According to estimates, solar installed capacity will increase from 1065 megawatts (MW) in 2019 to 1,180 MW in 2025 with this investment. Moreover, by 2025, the electricity generation is projected to increase to about 1,340 gigawatts hour (GWh).
Bulgaria is expected to grow at a significant rate due to the government’s ongoing efforts and plans for the future.
Bulgaria’s solar equipment production and supply capacity
There are several suppliers and manufacturers of solar equipment operating within the Bulgarian market. If you want to purchase solar equipment, SolarFeeds is the best option. Our online marketplace gives you access to the top solar equipment brands in the world. We are your go-to partner if you’re looking for quality equipment at an affordable price.
Major ports and logistics services in Bulgaria
There are several seaports in Bulgaria, including:
- Stara Zagora
If the need arises, you will not have a problem importing quality solar equipment. After arriving at the port, the equipment can be safely transported to the project site using any of Bulgaria’s leading logistics companies, including:
- Rhenus Logistics Bulgaria
- VIA Logistics
Lithium Ferro Phosphate Battery
What is a Lithium Ferro Phosphate Battery?
Lithium Ferro Phosphate Battery is also known as the Lithium Iron Phosphate Battery. There are two electrodes made of Graphite and Lithium Iron Phosphate.
Lithium-ion batteries have a discharge voltage of 2.5 Volts. The maximum output charge per cell is 3.65 Volts.
Lithium-ion batteries are widely used in electric vehicles and are the alternative to fossil fuels.
Applications of Lithium Ferro Phosphate Battery?
Lithium reserves are present in abundance in various parts of the world. Lithium Ferro Phosphate batteries are environmentally friendly and help to reduce the carbon footprint of the population. From Solar power storage to EVs, the Lithium Ferro battery market is expanding rapidly.
Solar Power: Power generated from the PV cells gets stored in the LiFePO4 cells with higher electrical potential. Cells are directly connected to the battery to use with the LEDs.
Electric Vehicles: One of the latest and big applications of Lithium-ion batteries is electric vehicles. Car manufacturers use LiFePO4 to increase safety and reduce weight per kW.
Domestic Energy needs: Lithium Ferro Phosphate batteries get used in home solar power storage. These batteries are highly safe and with low discharge rate.
Advantages of Lithium Ferro Phosphate Battery?
- Apart from being environment-friendly, Lithium Ferro Phosphate batteries have a long life.
- Elements like Lithium are present in large quantities on the earth. Therefore supply for production is not a problem.
- The cost of these batteries is lower than other types of batteries.
- Because of their chemical stability, LiFePO4 batteries are safer than other batteries.
- Nominal voltage is nearly the same as lead-acid batteries. That makes them compatible with many gadgets and power systems.
How does a Lithium Ferro Phosphate Battery work?
Batteries produce current by the movement of free electrons in the circuit. The chemical process inside the battery triggers when positively charged lithium ions move from the positive side to the negative side through the electrolytic solution. The movement of electrons starts in the circuit, and the current flows in the opposite direction of the electrons.
What are some top brands of Lithium Ferro Phosphate Battery?
Below are the top manufacturers of Lithium Ferro Phosphate Batteries in the USA.