Investors interested in renewable energies in Serbia will be provided greater predictability regarding costs and incentives, according to amendments to the Renewable Energy Sources law currently being reviewed in parliament.
The amendment bill, adopted by the government in mid-March, fundamentally changes the current law to balance the integration of renewable energy sources (RES) and ensure the safe operation of the power system.
“This will make it possible to conduct auctions to integrate investors into the market faster and provide them with the much-needed predictability in terms of costs and incentives, with minimal costs for citizens and the state. It will also initiate the promotion of private investments in renewable energy,” the Mining and Energy Ministry told EURACTIV.
Serbia is very interested in wind and solar power plants.
“There are 20 GW projects interested in the connection, which is about two and a half times more capacity than the existing one. The changes will ensure the protection of the electric power system”, the ministry said.
The installed capacity of buyer-producers will also be limited following the practice in the EU and the Energy Community.
“The existing buyer-producer model, which includes significant advantages and exemptions concerning the obligations of other market participants towards the system operators, will function within clearly defined capacity limits that are acceptable from the aspect of the safety of the power system, but also to enable greater participation of citizens and small economy in the energy transition,” the ministry said.
Alignment with EU regulations is an important part of the European integration process through negotiations within Cluster Four – Green Agenda and Sustainable Connectivity, including energy.
“Serbia met the goals with the participation of renewable energy sources (27% was the goal for 2020), and currently, through the process of developing the Integrated National Energy and Climate Plan, we are working on defining new targets for increasing the participation of RES in the energy mix, reducing emissions of harmful gases and improvement of energy efficiency,” it added.
This is one of the essential prerequisites for the decarbonisation of the energy sector.
(EURACTIV.rs I Milena Antonijević)
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