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:

How much power does Serbia have?

It currently has a total capacity of approximately 3490 megawatts (MW) of renewables, with 2342 MW in hydropower in 2019 according to the European Energy Community. Serbia announced plans to install new hydropower plants and two existing dams, and to rehabilitate a further 15 existing power plants totaling around 30 MW with EBRD financing.

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 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.

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.

What is UGT renewables Serbia solar?

UGT Renewables Serbia Solar is a ground-mounted solar project, which is planned over 2,000 hectares. The electricity generated from the Serbia Solar PV will offset 1,900,000t of carbon dioxide emissions (CO2) a year. UGT Renewables Serbia Solar PV will be a 1,000MW solar PV power project developed in a single phase.