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Western Balkans

EBRD and KfW Provide EUR 87 Million for 134 MW Solar Photovoltaic Power Plant to Support the Green Energy Transition in North Macedonia

/LONDON, December 22, 2025, 10:00 GMT, RENEWABLE MARKET WATCH™/ The European Bank for Reconstruction and Development (EBRD) is set to provide a significant sovereign-guaranteed loan amounting to €37 million to Elektrani na Severna Makedonija (ESM), which is North Macedonia’s state-owned electricity generation utility. This crucial funding will support the ambitious development, construction, and operational rollout […]
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New Hybrid Large-Scale Solar-Hydrogen Power Plant is Under Development in Greece

/ATHENS, GREECE, November 3, 2025, 10:00 CET, RENEWABLE MARKET WATCH™/ Mantasia Energy has received approval from the Greek Ministry of Energy and Mineral Resources to double the green hydrogen production capacity at its flagship hybrid renewable project near Kara Hassan (Mantasia), Domokos. The permitted upgrade increases the electrolyser unit from 50 MW to 100 MW, […]
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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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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 2025 – 2034’

/LONDON, February 12, 2025, 9:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the solar photovoltaic power sector of Western Balkan countries for the period 2025 ÷ 2034. Newly installed PV capacity in this region will exceed 17 GW 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 experience significant growth soon. Energy demand in the region is constantly increasing, according…
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The Green for Growth Fund (GGF) Signed a Loan Agreement with Lovćen Banka, Montenegro for Renewable Energy projects.

/PODGORICA, MONTENEGRO, February 11, 2025, 11:00 CET, GGF, RENEWABLE MARKET WATCHTM/ The Green for Growth Fund (GGF) has established a partnership with Lovćen Banka, Montenegro by signing of loan agreement of EUR 3 million. This loan facility will enable Lovćen Banka to expand its green lending portfolio, providing dedicated financing to businesses investing in sustainable practices and smaller-scale renewable energy projects, boosting the region’s resilience and energy independence.
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