Will Serbia develop a 1 GW solar power plant?

As a first step, in August 2023, the Serbian Government published a public call for a strategic partner to develop a 1 gigawatt (GW) solar PV power plant, together with a minimum of 200 MW of storage. The government also announced that it will publish a similar call for the development of a 1 GW wind power plant by the end of this year.

How many MW of solar is installed in Serbia?

The government has formed a working group to organize the tender, select successful bids, and negotiate with the chosen strategic partner. According to the Association of Renewable Energy Sources of Serbia, the country has installed around 50 MW of solar. However, that figure is not exact, as there is no official registry at this stage.

What is Serbia's energy investment plan?

The Ministry of Mining and Energy has announced a €15 billion investment plan for the electricity sector in next several years, expecting to reach more than 3 GW of renewable energy production plants. The main players and investors in the Serbian Energy Sector are:

Does Serbia subsidize coal & electricity prices?

Serbia heavily subsidizes coal and electricity prices, inhibiting competition. Recently, the Serbian government and EPS have announced ambitious plans to transition to green energy solutions and reduce Serbia’s dependence on Russian natural gas.

Will Serbia build reversible pumped-storage hydropower?

Serbia has long-standing plans to construct reversible pumped-storage hydropower capacity at the Djerdap site on the country’s eastern border with Romania and the Bistrica site on the Bosnian border in the west.

When will a new hydropower plant be completed in Serbia?

It is expected to be completed by the end of 2023. Serbia has plans to significantly expand its installed hydropower and renewables capacity in the coming years. It currently has a total capacity of approximately 3490 megawatts (MW) of renewables, with 2342 MW in hydropower in 2019 according to the European Energy Community.