+
Serbia Launches Second Renewable Energy Tender for 425 MW
POWER & RENEWABLE ENERGY

Serbia Launches Second Renewable Energy Tender for 425 MW

Serbia has announced its second renewable energy tender, inviting bids for 424.8 MW of wind and solar projects under a contracts-for-difference (CfD) program, offering developers revenue stability for 15 years.

The tender includes 300 MW for wind projects and 124.8 MW for solar projects, with maximum tariffs set at €79 ($83.54)/MWh for wind and €72 ($76.14)/MWh for solar. To ensure equitable opportunities, a maximum bid capacity of 105 MW is allowed for solar projects.

Bidders must submit their proposals by February 25, 2025.

This auction is part of Serbia’s three-year roadmap to add 1.3 GW of renewable capacity, including 1 GW of wind and 300 MW of solar energy. The first tender in 2023 secured 715 MW of renewable projects and investments exceeding €1.1 billion (~$1.16 billion).

The CfD program, developed in collaboration with the European Bank for Reconstruction and Development (EBRD) and supported by the Swiss government through SECO, aims to incentivize renewable investments while balancing opportunities for smaller producers.

This initiative aligns with the broader European push for net-zero energy, exemplified by the European Parliament's Net-Zero Industry Act, which targets producing 40% of net-zero technologies within Europe by 2030.

Serbia’s efforts underscore its commitment to scaling renewable energy and fostering sustainable economic growth.

Serbia has announced its second renewable energy tender, inviting bids for 424.8 MW of wind and solar projects under a contracts-for-difference (CfD) program, offering developers revenue stability for 15 years. The tender includes 300 MW for wind projects and 124.8 MW for solar projects, with maximum tariffs set at €79 ($83.54)/MWh for wind and €72 ($76.14)/MWh for solar. To ensure equitable opportunities, a maximum bid capacity of 105 MW is allowed for solar projects. Bidders must submit their proposals by February 25, 2025. This auction is part of Serbia’s three-year roadmap to add 1.3 GW of renewable capacity, including 1 GW of wind and 300 MW of solar energy. The first tender in 2023 secured 715 MW of renewable projects and investments exceeding €1.1 billion (~$1.16 billion). The CfD program, developed in collaboration with the European Bank for Reconstruction and Development (EBRD) and supported by the Swiss government through SECO, aims to incentivize renewable investments while balancing opportunities for smaller producers. This initiative aligns with the broader European push for net-zero energy, exemplified by the European Parliament's Net-Zero Industry Act, which targets producing 40% of net-zero technologies within Europe by 2030. Serbia’s efforts underscore its commitment to scaling renewable energy and fostering sustainable economic growth.

Next Story
Infrastructure Urban

Hindmetal Pioneers EM Tech in Mineral Exploration

Hindmetal Exploration Services (HESPL), a wholly owned subsidiary of Hindustan Zinc, has become the first company in India to deploy advanced Electromagnetic (EM) technologies for mineral exploration. The initiative marks a major leap in the nation’s ability to identify hidden mineral resources with unprecedented precision.The breakthrough involves two cutting-edge tools: borehole EM, which detects and maps conductive ore bodies such as sulfide deposits in high detail, and SQUID surface sensors, which capture even the weakest electromagnetic signals—ideal for spotting low-conductivity or d..

Next Story
Infrastructure Urban

Autodesk Launches Local Data Storage for India

Autodesk has announced the launch of localized data storage in India, enabling businesses and public sector organizations to store and manage project data within the country. This expansion, part of Autodesk’s global regional offerings, supports regulated sectors such as government, infrastructure, and utilities by meeting compliance requirements while ensuring enterprise-grade security, privacy, and data recoverability.The move comes as Autodesk’s 2025 State of Design & Make report reveals that while digital transformation drives significant ROI in the architecture, engineering, const..

Next Story
Infrastructure Urban

Rosatom Opens Pilot Uranium Facility at Tanzania’s Mkuju River Project

Mantra Tanzania, a subsidiary of Uranium One Group (part of Rosatom), has commissioned a pilot uranium processing facility at the Mkuju River project in southern Tanzania. The inauguration, attended by Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, alongside senior government officials, community leaders, and Rosatom representatives, marks a major step forward in Russia–Tanzania nuclear energy cooperation.Alexey Likhachev, Director General of Rosatom, said: “Rosatom offers its cutting-edge uranium processing technologies to unlock Tanzania’s geological ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?