Cooperation between Bulgaria and Italy will help to accelerate the connectivity of the energy markets in Europe
The energy ministers of the two countries Vladimir Malinov and Prof. Dr. Gilberto Fratin signed a Memorandum on cooperation
“Bulgaria and Italy will continue to enhance their energy cooperation in the process of meeting the low-carbon European economy objectives”. That is what Energy Minister Vladimir Malinov said during a bilateral meeting with Prof. Dr. Gilberto Fratin, Italian Minister for Environment and Energy Security. They signed a Memorandum of Understanding between the two ministries.
Bulgaria and Italy will support the efforts of energy institutions and companies in their countries to promote cooperation in the fields of nuclear, renewable energy and hydrogen.
The Memorandum provides for the establishment of a joint working group to identify and develop specific forms of cooperation, including by promoting the use and transfer of knowledge and know-how relating to the more efficient use of renewable energy sources, renewable hydrogen and new energy technologies aimed at improving energy efficiency, efficient energy storage, the deployment of smart grids and support for research and innovation.
Following the talks at the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change held in Baku, ministers Malinov and Frantin were determined that cooperation between Bulgaria and Italy would make a significant contribution to the accelerated connectivity of the natural gas and electricity markets in Europe. We recall that Italy is one of the countries endorsing the Bulgarian Initiative on Energy Connectivity Dialogues in support of the regional partnerships of the European Political Community for an improved energy transition, which was presented at COP-29 in Baku.
During his working visit to Italy, Minister Vladimir Malinov met with the management ENEL, which is one of Europe's largest energy companies. They discussed the development of the RES sector, energy efficiency improvements and green technologies. “Improving electricity connectivity in Europe will allow our consumers to afford energy at competitive prices,” Minister Malinov stressed.
