• New Wind Farms in Serbia Supported by International Finance Corporation (IFC)

    /7thMay 2018, IFC, RENEWABLE MARKET WATCHTM/ Fossil fuels are, worldwide, the most important energy resource at the moment. Still, at the same time, they are the main source of air pollution and excessive heating of the lower tiers of the atmosphere. In Serbia, more than half of electricity generation stems from outdated coal-fired plants.

  • The Government of Kosovo Signed an Agreement with IFC to Support Development of a 50 MW Solar PV Power Plant

    Kosovo Solar Photovoltaic PV Power Market Outlook 2020 2030 Small

    /29th January 2021, RENEWABLE MARKET WATCHTM/ The Government of Kosovo has recently signed an agreement with IFC to help attract a private partner to develop a 50 MW solar photovoltaic (PV) power plant under a structure. The Kosovo Solar project will be implemented through a competitive tender to achieve procurement of lower-cost solar energy. The Republic of Kosovo has a population of 1.8 million and the energy generation in the country is heavily dependent on two old lignite coal-fired power plants with high CO2 emissions. The coal-fired power plants, which cover 91% of the energy generation, reach the end of their operational life and will soon need serious investments for modernisation or decommissioning. Therefore, Kosovo needs viable energy alternatives to build a more flexible power generation strategy with the increased use of renewable energy. Kosovo has solar, wind, hydro and biomass resources available that are more than sufficient to meet the country's energy supply needs, has been mentioned in the regular update of 'Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2021÷2030'.

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