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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..