Serbia Launches Second Renewable Energy Tender for 425 MW

04 Dec 2024 CW Team

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.

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