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Interview: Eng. Nikola Sechkaryov, Chairman of the Bulgarian Association Geothermal Energy (BAGE), at the Money.bg Studio Bulgaria Has Significant Geothermal Potential, Yet This Resource Remains Largely Untapped Bulgaria possesses substantial geothermal potential, yet this resource remains largely untapped due to limited public awareness, the absence of a consistent national policy, and the lack of a clear regulatory framework. This was stated by Eng. Nikola Sechkaryov, Chair

An Interview with Georgi Stefanov – Member of the Management Board of the Bulgarian Association Geothermal Energy (BAGE) Geothermal energy is steadily establishing itself as a strategic solution for sustainable heating, cooling, and energy generation. Across Europe, more than 350 geothermal energy projects are currently under development. At the same time, technological advancements and accumulated industry experience are reducing investment costs while expanding the range of

How the Industry Is Working to Unlock Bulgaria's Geothermal Potential – An Interview with Eng. Nikola Sechkaryov, Chairman of the Bulgarian Association Geothermal Energy (BAGE) In May, Eng. Nikola Sechkaryov was a guest on the Housing Construction television program, where some of the most important topics concerning the development of geothermal energy in Bulgaria were discussed. The interview explores Bulgaria's potential for harnessing geothermal resources, the challenges

The country already has legislation for geothermal energy, which opens a new stage in the development of the sector Currently, over 409 geothermal plants are operating in Europe, and more than 360 new geothermal heating and cooling projects are in various stages of development or exploration. © Shutterstock / Capital The topic in brief • The state granted the first concession for geothermal energy in Zlatograd, without having a comprehensive study of the potential across the

Geothermal energy was presented as a viable solution for the modernisation and decarbonization of district heating in Bulgaria On March 17, 2026, Eng. Nikola Sechkaryov, Chairman of the Bulgarian Association Geothermal Energy (BAGE), participated as a speaker and guest in the panel “Modernization of District Heating Systems and Local Heating and Cooling Plans,” part of the event “Financing Energy Efficiency: The National Renovation Plan and the Role of Local Authorities,” or

Georgi Stefanov – Member of the Board of Directors of the Bulgarian Geothermal Energy Association (BAGE) https://www.climateka.bg/geotermalna-energiya-bulgariya/ In times of volatile energy markets, domestic resources can provide competitive prices and strategic autonomy Georgi Stefanov is an expert in climate policy, energy policy and the green economy with more than 20 years of experience in the transition toward a low-carbon economy. He led the Climate and Energy Programm

Eng. Nikola Sechkaryov, Chairman of the Bulgarian Association for Geothermal Energy (BAGE), for the Annual Almanac of the Bulgarian Energy Sector “Energy Info BG 2026”. https://powerindustry-bulgaria.com/article/4107-osnovnata-ni-cel-e-prevrashtaneto-na-interesa-kam-geotermalnata-energiia-v-raboteshti-proekti 2025 was a year of visible progress and consolidation of geothermal energy as a recognizable public topic and as a real part of the energy agenda in Bulgaria. The Bulga

Georgi Stefanov, member of the Management Board of the Bulgarian Association Geothermal Energy (BAGE) https://www.bloombergtv.bg/a/17-v-razvitie/153622-geotermalnata-energiya-e-nay-evtiniyat-zamestitel-na-vaglishtnite-tets Bloomberg TV Bulgaria: Geothermal energy is the cheapest, most effective, and easiest solution for replacing sources of baseload thermal energy capacity in Bulgaria, including coal-fired power plants. Unlike solar and wind energy, it is a local resource wit

BAGE is proud to stand alongside leading organisations, under the auspices of EGEC, in advocating for a dedicated European Geothermal Strategy and Action Plan. Recent sector-wide efforts across the geothermal community highlight the urgent need for Europe to catch up as global geothermal capacity is set to expand rapidly. A coherent EU strategy is essential to strengthen Europe’s energy security, competitiveness, and progress toward climate neutrality by 2050. The approach

Over the past week, the Bulgarian Association Geothermal Energy (BAGE) held a working meeting with representatives of the Embassy of the Kingdom of the Netherlands in Sofia , dedicated to exploring opportunities to support and advance the development of geothermal energy in Bulgaria and its application in greenhouse production . During the meeting, key challenges facing the Bulgarian greenhouse sector were discussed, including high energy costs and a lower level of impleme