spot_img
Supported byspot_img

Serbia advances renewable energy with new wind farms and growth initiatives

Serbia currently has nine wind farms with a total annual capacity of around 400 megawatts. A wind farm is under construction at the site of former surface mines and the waste disposal area of the Kostolac thermal power plant. The deadline for applying for the auction to allocate market premiums for renewable energy sources expired at the end of January.

The “Kostolac” wind farm is a pilot project by Elektroprivreda Srbije (EPS), with a capacity of 66 megawatts, and will be located in Drmno, Petka, Ćirikovac, and Klenovnik. To date, eight of the twenty wind turbines have been installed, with an expected annual production of 187 million kilowatt-hours, enough to power around 30,000 households. Work is expected to be completed in the second half of the year, according to wind farm expert MiloÅ¡ Colić, speaking to RTS.

The project is financed by a loan from the German Development Bank, valued at 80 million euros, with an additional 30 million euros approved for EPS from the Western Balkans Investment Framework. EPS states that the wind farm aligns with Serbia’s strategic goals in renewable energy as defined by the “Energy Development Strategy until 2025, with projections until 2030.”

Supported by

According to Danijela Isailović, director of the Association of Renewable Energy Sources, this project marks the beginning of the energy transformation of Elektroprivreda Srbije. The first wind farm was built in PeÅ¡ter, in the municipality of Tutin, in 2011, while the largest wind farm, “ÄŒibuk I,” located in Mramork, near Kovin, has a capacity of 158 megawatts.

The majority of wind farms are located in Banat and Eastern Serbia, as these areas are the most wind-rich, as noted by Miloš Colić. It is estimated that by 2040, Serbia will generate 45% of its electricity from renewable sources and will have 15 times more wind farms and solar power plants than it does now. A report by the Global Energy Monitor organization states that Serbia has nearly eight gigawatts of potential wind farm capacity, which accounts for 65% of the total regional capacity, and nearly three gigawatts of potential solar capacity, representing 27% of the regional total.

Authorities stress that the country is increasingly focused on the development of renewable energy as part of its energy strategy. State support is reflected through various forms of subsidies, incentives, and regulatory reliefs, which play a key role in attracting investments in wind farms.

Suppported byOwner's Engineer

EBRD’s strategic investments in Serbia: Advancing green transition and sustainable development

The Western Balkans is a key market for the European Bank for Reconstruction and Development (EBRD), with a strong emphasis on sectors that drive...

PIO Fund alerts pensioners to fake social media scam promising account balance doubling

The Republic Pension and Disability Insurance Fund (PIO) has warned about new attempts to scam pensioners in Serbia, where fraudsters are offering to double...

One year of Open Balkans labor agreement: Challenges, results and concerns

The Agreement on free access to the labor market in the Western Balkans, part of the Open Balkans initiative, entered into force a year...
Supported byspot_img
Supported byspot_img
Supported byspot_img
error: Content is protected !!