Bulgaria has come a step closer to becoming a full member of the Association of Issuing Bodies (AIB) after the government voted important changes to the country’s Renewable Energy Act on 29 September.
This is a positive step for the local Guarantees of Origin (GO) market which so far has been restricted to transactions done bilaterally over the phone or via auctions organised by state-owned hydropower producer NEK.
Background The Bulgarian Sustainable Energy Development Agency (SEDA) had applied for an AIB membership in July 2020, only to withdraw it after a few months due to an unstable political situation. SEDA reapplied for membership in September 2021 and has be…
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