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Serbia Completed its Second RES Auction, and 10 New Solar Photovoltaic and Wind Power Projects Will Receive Incentives of EUR 782 Million

/BELGRADE, SERBIA, February 21, 2025, 10:00 CET, GGF, RENEWABLE MARKET WATCHTM/ In the second round of auctions for the allocation of market premiums for renewable energy projects (RES) announced by the Ministry of Mining and Energy in November 2024, investors applied for 41 projects. The offered quota of 424.8 MW for solar and wind power plants was significantly exceeded. The total capacity of the power plants that received incentives is 645 MW, and the total planned investment value is 782 million euros.
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Masdar and Taaleri SolarWind III Fund Arranged Financial Close 154MW Čibuk 2 Wind Farm in Serbia

/Belgrade, Serbia, September 23, 2024, 10:00 BST, Masdar/ Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates’ clean energy powerhouse, today announced the financial close for the 154 megawatt (MW) Čibuk 2 wind farm in Serbia. The financial close agreement was signed at a special ceremony on the sidelines of RES Serbia 2024 in the presence of Serbia’s Minister of Mining and Energy, Dubravka Djedović Handanović, Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, Taaleri’s Group CEO, Peter Ramsay and Taaleri Energia Managing Director, Kai Rintala.
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Western Balkan Countries are the Newfound Hotspot for Solar Photovoltaic (PV) Energy Investments in Europe, Reveals the Renewable Market Watch™

/LONDON, March 16, 2023, 11:00 GMT, RENEWABLE MARKET WATCHTM/ Between 2012 and 2022, the Western Balkan Countries increased their solar power capacity 11 times. Western Balkans became one of the fastest-growing regions in Europe, with a 28.1 per cent increase in cumulative solar photovoltaic (PV) installed capacity in 2022 compared with 2021. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries in this region is underdeveloped and is forecasted to grow significantly. Energy demand in the region is constantly increasing,…
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Renewable Market Watch™ published a new report Titled ‘Western Balkans Solar Photovoltaic (PV) Power Market Outlook – Industry Analysis, Deal Tracking, Growth, Investment Volume, Country Ranks, Share, Size, Trends, and Forecast 2023 – 2032’

/LONDON, December 12, 2022, 11:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offer an incisive and reliable overview of the solar photovoltaic power sector of Western Balkan countries for the period 2023 ÷ 2032. Newly installed PV capacity in this region will exceed several GWs in the next 5 years. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries is not developed and is forecasted to score significant growth soon. Energy demand in the region is constantly increasing, according to…
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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.
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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…
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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…
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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. 
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Serbia Plans to Implement Auctions for Development of Renewable Energy Projects

/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…
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