Serbia Partners With EBRD And EU For Landmark Renewable Energy Project
Date
12/28/2024 3:08:59 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 28. The European
Bank for Reconstruction and Development (EBRD) is extending a 105
million euro sovereign loan to Serbia to finance the construction
of a cutting-edge solar-thermal power plant in Novi Sad, Trend reports.
The project, part of Serbia's broader efforts to decarbonize its
energy sector, will be co-financed by a 21 million euro investment
grant and 3 million euro in technical assistance from the EU and
other donors through the Western Balkans investment Framework
(WBIF).
The plant, operated by Novosadska Toplana Novi Sad, will feature
advanced technologies, including 38,600 m2 of solar collectors, a
17 MW heat pump, and a 60 MW electric boiler. This facility is
expected to produce over 118,000 MWh of renewable heat annually,
reducing natural gas consumption by 29% and cutting CO2 emissions
by 17,350 tons per year.
“This project is groundbreaking, not only for Serbia but
internationally,” said Matteo Colangeli, EBRD Regional Head for the
Western Balkans.“It supports cleaner, more affordable energy and
enhances Serbia's electricity grid stability while improving air
quality.”
The initiative aligns with Novi Sad's Green City Action Plan, a
framework for tackling environmental challenges and promoting
sustainable investments. Serbia's First Deputy Prime Minister and
Finance Minister, Siniša Mali, emphasized the nation's commitment
to clean energy:“Responsible investment in renewable energy is key
to our future. This project is a milestone in Serbia's journey
toward decarbonization and energy efficiency.”
Mining and Energy Minister Dubravka Đedović Handanović
highlighted the innovative aspects of the plant:“By integrating
solar collectors, a heat pump utilizing the Danube's energy, and an
electric boiler, this project sets a benchmark for other cities in
Serbia to follow.”
The EBRD's support for Serbia underscores its commitment to
fostering sustainable economic development. With this loan, the
Bank's investments in Serbia in 2024 have exceeded 800 million
euros, reinforcing its role as a pivotal partner in the country's
green transition.
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