Serbia’s Ministry of Mining and Energy has announced a second renewable auction to procure 124.8 MW of solar at a maximum price of €72 ($75.90)/MWh. Bids are due by Feb. 5, 2025.
Serbia’s upcoming second renewables auction, scheduled for later this month, aims to procure 124.8 MW of solar power with a ceiling price of €72 ($75.30)/MWh. This price is lower than the €90/MWh ceiling offered in the country’s first renewables auction last year.
A 9.75 MW solar plant on a former mining dump in northeastern Serbia is set for completion and grid connection by the first quarter of 2025. It will be the first solar facility operated by state utility Elektroprivreda Srbije.
An implementation agreement is in place between Serbia’s Ministry of Mining and Energy, utility company Elektroprivreda Srbije (EPS) and a consortium of Hyundai Engineering and UGT Renewables for six new solar plants totalling 1 GW. Up to 200 MW of battery storage will be developed across the sites.
Six large-scale solar plants colocated with battery energy storage systems should be delivered by mid 2028.
Researchers have analyzed the viability of floating PV in terms of net present value, internal rate of return, and LCOE. They included 25 European countries in their work, including Germany, the United Kingdom, Spain, and Italy.
UK’s Hive Energy said the projects will feature battery energy storage systems that equate to 10% of the overall solar capacity.
Chinese company Hunan Rich Photovoltaic Science and Technology is set to invest over €300 million in the development of a 1 GW solar panel factory and 200 MW solar power plant in Serbia. The agreement is one of two the country’s Minister of Mining and Energy has signed with Chinese companies this week.
The Serbian government plans to launch its second renewables auction this year in a bid to procure at least 400 MW of wind and solar power.
The Serbian Ministry of Mining and Energy has signed a memorandum of understanding (MoU) with Chinese companies Shanghai Fengling Renewables and Serbia Zijin Copper. It envisages the construction of 1.5 GW wind and 500 MW of solar projects alongside a green hydrogen production facility with 30,000 tons of annual output.
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