Serbian Prime Minister Ana Brnabić launched an public sale to allocate 450 MW of renewable power capability.

Serbia allotted 50 MW for photo voltaic PV and 400 MW for wind energy of their preliminary renewable power public sale. Tasks will obtain help via a 15-year contract for a distinction. The upcoming auctions set ceiling costs of €105 ($113.56)/MWh for wind farms over 3 MW and €90/MWh for photo voltaic tasks over 500 kW. The state-owned utility Elektroprivreda Srbije (EPS) would be the unique off-taker for these tasks. The bidding deadline is August 14, 2023.

This public sale marks the primary part of a three-year plan, which goals to allocate premiums for a complete of 1,000 MW of wind energy technology capability and 300 MW of photo voltaic.

“It’s estimated that with the profitable implementation of the auctions, the Electrical Energy Firm of Serbia will earn greater than €3 million per yr, considering the related market costs,” mentioned the Serbian Minister of Mining and Vitality Dubravka Đedović in an announcement.

Profitable bidders should adhere to the newly adopted legal responsibility balancing contract mannequin, which requires them to pay EPS surcharges for output deviations. The surcharges will likely be primarily based on the every day market value, in line with the federal government.

The auctions will obtain monetary help from the European Financial institution for Reconstruction and Growth (EBRD). In March, the EBRD permitted a €300 million financing package deal for EPS to speed up the event of wind and photo voltaic and assist obtain the target of phasing out coal in Serbia by 2050. financial institution has been serving to Serbia with renewable auctions since 2020.

Serbia goals to put in 8.3 GW of PV by 2024, as outlined within the authorities’s draft plan. Based on the Worldwide Renewable Vitality Company (IRENA), the put in PV capability in Serbia stands at 137 MW by the tip of 2022.

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