CWP Europe, a joint venture between renewable energy company CWP and Mercuria Energy Trading, is the developer of the 600-MW Fantanele Cogealac wind farm in Romania, which is the largest such facility in
By the end of this year, the Gvozd wind farm, with a capacity of 55 MW, is set to start trial operations. The €82 million investment, supported by KfW Bank, marks a significant milestone in Montenegro''s renewable energy
/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
What is a hybrid energy storage project in a power plant A typical hybrid power plant combines electricity generation with battery storage. Batteries can store excess power production when
A total of €782 million will be invested into the winning projects, and with a total of 34 total applications made for the solar tender, there is significant interest in building new...
Explore the costs, duration, and legal aspects of building solar plants in Serbia. Learn about the growth, investment trends, and energy transformation
Renewable Energy Potential As displayed in the table below, Serbia has significant potential for renewable generation. Both solar PV and wind have far greater potential than Hydropower.
The total investment value of these projects is estimated at EUR 782 million, according to the Ministry of Mining and Energy.
The Government of Serbia has signed an agreement with the Hyundai Engineering-UGT Renewables consortium on building solar power plants with a total
The Ministry of Energy and Mining confirmed that the total investment in these projects will amount to 782 million euros, highlighting the significant financial commitment to
Still, projections suggest Serbia could reach 3,500 MW in wind and solar by 2030. Professor Nikola Rajaković (Belgrade Faculty of Electrical Engineering) highlights the
Serbia plans to build solar power plants, wind farms, and pumped-storage hydropower plants, but also gas-fired power plants, energy storage batteries, and hydrogen facilities, in order to
Discover how Serbia is advancing in renewable energy with comprehensive support for wind farm projects. Learn about the legal framework, incentives, and successful case studies like Kovačica and Košava Wind Farms.
The Serbian Ministry of Energy and Mining has awarded tenders for ten solar and wind projects with a total capacity of 645MW.
The cost of capital for solar PV projects represent responses for a 100 megawatt (MW) project and for utility-scale batteries a 40 MW project. Values represent average medians across
The Pupin wind farm is located in the Vojvodina Province, Serbia, adjacent to our wind farm Blacksmith. The project consists of 16 wind turbines, with an installed capacity of 94.5 MW.
Serbia''s draft Economic Reforms Program for the 2022-24 period set out a bold vision for renewables development, with targets for 8.3GW of solar and 3GW of wind capacity. The draft is prepared
The total current installed solar capacity in Serbia is 10,99 MW, of which 8,82 MW are projects under the FIT scheme.Very little self-consumption has been registered in the country due to
In June this year, Alcazar Energy Partners acquired the rights to the Shtip wind farm in North Macedonia with a total investment of USD$500M. Once built this will be one of
1. Despite recent higher costs, solar PV and onshore wind remain the cheapest option for new electricity generation in most countries.5 Over the longer term, LCOE from wind and solar PV
UGT Renewables is working with Serbia''s EPS to provide a series of self-balanced utility-scale solar projects, including battery storage, to every corner of Serbia.
Distribution of solar potential Distribution of wind potential Annual generation per unit of installed PV capacity (MWh/kWp) Wind power density at 100m height (W/m2)
What is fortis energy doing in Serbia? In Serbia, Fortis Energy is actively working on several high-profile projects, including the development of total capacity with 509 MW wind farms, as well as
Black Peak Wind Farm is a 150MW onshore wind power project. It is planned in Southern and Eastern Serbia, Serbia. According to GlobalData, who tracks and profiles over
Serbia''s projected capacity of wind farms for this year is 684.28 MW, including new wind power plants with 76 MW in total. Market premiums would be paid to facilities with a capacity of 94.4 MW while facilities of 60.38
Foreign investment in Serbian renewables Over the past decade, Serbia has emerged as an attractive destination for foreign investors in renewable energy, especially in
CWP Europe, a joint venture between renewable energy company CWP and Mercuria Energy Trading, is the developer of the 600-MW Fantanele Cogealac wind farm in
By the end of this year, the Gvozd wind farm, with a capacity of 55 MW, is set to start trial operations. The €82 million investment, supported by KfW Bank, marks a significant
Fintel Energija plans to construct a wind power plant on the territory of the City of Su-botica with a total power of 599,2 megawatts hour, which will be the biggest wind power
Serbia''s total 11 MW of installed solar capacity (5.34 MW from land installations and 3,476 MW from roof installations in a total of 107 projects) is negligible. According to the
Fintel Energija plans to construct a wind power plant on the territory of the City of Su-botica with a total power of 599,2 megawatts hour, which will be the biggest wind power plant in the Republic of Serbia.
UGT Renewables Serbia Solar is a ground-mounted solar project, which is planned over 2,000 hectares. The electricity generated from the Serbia Solar PV will offset 1,900,000t of carbon dioxide emissions (CO2) a year. UGT Renewables Serbia Solar PV will be a 1,000MW solar PV power project developed in a single phase.
Delivering the utmost flexibility to the Serbian government, the Large-Scale Solar and Battery Energy Storage Project being developed by UGT Renewables will be owned and operated by Electric Power Industry of Serbia (EPS) once completed.
The wind farm’s annual electricity production will be approximately 330 GWh. It will produce enough green electricity to supply around 62,000 households and will enable approximately 311,200 tonnes of carbon dioxide reductions during each year of operation.
