Serbia’s renewables growth aims to outstrip EU

Thursday 09 January 2014

Energy security, greater use of renewables and market liberalisation are the three priorities of Serbia’s energy strategy over the next decade.

In June, the government adopted an action plan that foresees meeting 27 per cent of gross final energy consumption from renewable sources by 2020. This is up from 21.2 per cent at present and well above the EU’s 2020 target of 20 per cent.

To this end, the country is aiming for €2bn of investment, mostly from the private sector, to install 1.1GW of new renewable capacity over the next seven years, much of it in hydroelectric plants.
The country guarantees favourable feed-in tariffs for renewables plants for 12 years, after which power-purchase guarantees are locked in at market rates. The ministry of energy, development and environmental protection is also trying to improve the business environment for energy investors.
“In addition to financial incentives, the ministry is very committed to reducing administrative barriers for the construction of facilities,” it says. “Currently, one of the most important goals of the ministry is to simplify authorisation procedures, especially for the investments in renewable energy resources, which will increase investor interest.”
In February, however, Serbia followed a regional trend and reduced some feed-in tariffs for renewables. With 1.5GW of existing installed capacity due to be closed by 2018 and ambitions to boost exports, Serbia will require new coal plants, which will be built “in an environmentally friendly manner”, the ministry says.

Serbia is due to open its mid-voltage market in 2014.

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