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.

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.

How many wind power plants does Serbia have?

Through its fully subscribed feed-in tariff program (long-term contracts which provide guaranteed pricing to renewable producers), Serbia has contracted 568 MW of wind power plants and approximately 11 MW of solar plants.

Will Serbia develop a pumped storage hydro project at Djerdap?

Serbia is interested in a developing a Pumped Storage Hydro (PSH) project at Djerdap. The project is located east of Belgrade on the Danube River bordering with Romania. First conceived in 1974, Djerdap III is envisioned as a facility capable of daily and seasonal water regulation, with installed capacity of between 1800 and 2400 MW.

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.