• Chinese Firm Sinomach Targets Investments in Renewable Energy Projects in Serbia

    /LONDON, November 10, 2021, 9:15 GMT, Tanjug, Serbian Ministry of Mining and Energy, RENEWABLE MARKET WATCHTM/ Serbian Minister of Mining and Energy Zorana Mihajlovic met on 19 November 2021 with representatives of the Chinese machinery company Sinomach. They discussed potential investments in the development of the energy sector and the economy in the context of Serbia's potential in the electricity and renewables sector.

  • EBRD Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine

    /28th January 2021, Vanora Bennett, EBRD, RENEWABLE MARKET WATCHTM/ The Organisations behind the Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine agreed to join efforts to support the transition away from coal and towards a low-carbon and climate-resilient future in the Western Balkans and Ukraine. Participants including the European Bank for Reconstruction and Development (EBRD),World Bank Group, the College of Europe (Natolin campus), the Energy Community Secretariat, the European Commission and the government of Poland kicked off discussions on how to support the regions in phasing out coal while supporting local communities that remain economically dependent on the coal industry.

  • EBRD to Support Renewable Energy Transition in Western Balkans Region

    /1st October 2020, EBRD, RENEWABLE MARKET WATCHTM/ The EU has one of the most ambitious energy and climate policies in the world. Its clean energy transition is well underway. "I am glad that benefits already can be seen in terms of "greening" of economies, less dependency on imported fuels, and greater domestic investments in ecologically sound approaches", said Christian Danielsson, Director General for European Neighbourhood Policy and Enlargement Negotiations. 

  • Global Wind Service Finished Half of the Installation Works of Wind Turbines for Alibunar Wind Farm in Serbia

    /11thMay 2018, Global Wind Service, RENEWABLE MARKET WATCHTM/At the beginning of April 2018 Global Wind Service (GWS) reported half of the installation works at Alibunar Wind Farm in Serbia when a team of GWS technicians completed the installation of turbine number 12 out of a total of 21. Senvion awarded GWS with unloading, pre-assembly and installation of the 21 Senvion MM100 turbines.

  • MK Fintel Wind is expected to commission 6.6 MW wind farm in Serbia in 2016

    /23rd March 2016, RENEWABLE MARKET WATCHTM/ MK Fintel Wind is now constructing its second wind farm project in Serbia – the 6.6 MW La Piccolina project in Vrsac, located in Vojvodina province and expects to commission it by the end of Q3 2016.

  • 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.

  • Serbia and EBRD signed a Memorandum of Understanding (MoU) to Cooperate in Renewable Energy Sources and Clean Energy Transition

    /1st April 2021, EBRD, Serbian Ministry of Mining and Energy, RENEWABLE MARKET WATCHTM/ Deputy Prime Minister and Minister of Mining and Energy Prof. Zorana Mihajlovic talked at the end of March 2021 with the President of the European Bank for Reconstruction and Development (EBRD) Odil Rene-Baso, who is on a virtual visit to Serbia, and on that occasion signed a Memorandum of Understanding between the Ministry and EBRD, which aims to provide a framework for cooperation with the aim of improving air quality, promoting the use of renewable energy sources for the production and distribution of thermal energy in Serbia and increasing energy efficiency.

  • Serbia Plans to Implement Auctions for Development of Renewable Energy Projects

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    /12th November 2019, RENEWABLE MARKET WATCHTM/ The first wind and solar auctions are expected in Serbia in 2020. The projects that have already been started under a feed-in tariff mechanism will be completed under the existing regulations. According to the proposed amendments, incentive measures for privileged power producers would be given in the form of a premium, calculated as the difference between the price, with which the renewable energy producer has won the auction, and the market price of electricity. Furthermore, net metering for renewable energy is currently under consideration by the Ministry of Mining and Energy of Serbia. The country aims to cover 27% of its electricity demand with renewables by 2020, up from a target of 21.2% previously. Government plans assumed Serbia to add 1,092MW of installed renewable energy capacity by 2020, however at the end of 2018 if we exclude hydropower (most of which is large scale) the total cumulative installed renewable capacity in Serbia is only 399MW, according to calculations of the research department of Renewable Market Watch™. The biggest renewable energy progress in the country between 2015 and 2018 was due to wind energy projects.

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