Serbia’s new renewables law envisages greater predictability for investors

(EurActiv, 8 May 2023) Investors interested in renewable energies in Serbia will be provided greater predictability regarding costs and incentives, according to amendments to the Renewable Energy Sources law currently being reviewed in parliament.

The amendment bill, adopted by the government in mid-March, fundamentally changes the current law to balance the integration of renewable energy sources (RES) and ensure the safe operation of the power system.

“This will make it possible to conduct auctions to integrate investors into the market faster and provide them with the much-needed predictability in terms of costs and incentives, with minimal costs for citizens and the state. It will also initiate the promotion of private investments in renewable energy,” the Mining and Energy Ministry told EURACTIV.

Serbia is very interested in wind and solar power plants.

“There are 20 GW projects interested in the connection, which is about two and a half times more capacity than the existing one. The changes will ensure the protection of the electric power system”, the ministry said.

The installed capacity of buyer-producers will also be limited following the practice in the EU and the Energy Community.

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EurActiv, 8 May 2023: Serbia’s new renewables law envisages greater predictability for investors