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
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?