EBRD Assists Serbia In Launching Second Renewable Energy Auction
Date
11/28/2024 5:12:38 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 28. Serbia has
launched its second renewable energy auction, aiming to support
wind projects up to 300 MW and solar PV projects up to 124.8 MW,
Trend reports.
The auction will use a contract-for-difference (CfD) scheme for
15 years, with maximum bid prices set at €79/MWh for wind and
€72/MWh for solar.
This initiative follows technical cooperation between Serbia's
Ministry of mining and Energy and the EBRD, with support from the
Swiss government. The EBRD has been instrumental in helping Serbia
develop competitive procurement processes and regulatory reforms
for the renewable energy sector.
Matteo Colangeli, EBRD Regional Director for the Western
Balkans, highlighted the importance of auctions in delivering
competitively priced green energy. Serbia aims to add 1,300 MW of
renewable capacity over three years, with this auction being a key
step toward that goal.
Minister of Mining and Energy Dubravka Đedović Handanović
expects significant investor interest and competitive pricing in
the auction, contributing to Serbia's renewable energy targets and
green agenda goals. The EBRD has invested more than €9 billion in
Serbia to date, focusing on private-sector competitiveness and
green energy transition.
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