Serbia has initiated its second renewable energy auction, offering quotas for wind projects of up to 300MW and solar projects up to 125MW. The auction will operate under a 15-year Contract for Difference (CfD) scheme, with maximum bid prices set at €79/MWh for wind and €72/MWh for solar.
This development builds on Serbia's collaboration with the European Bank for Reconstruction and Development (EBRD) and technical assistance from Switzerland's State Secretariat for Economic Affairs (SECO). The partnership focused on establishing regulatory frameworks and competitive procurement processes to encourage renewable energy development.
The CfD model aims to provide revenue stability for developers, enhancing the appeal of renewable energy investments in the country.
Matteo Colangeli, EBRD's regional director for the Western Balkans, emphasized that the auctions signal Serbia's commitment to scaling up its wind and solar capacity as part of a broader 1,300MW three-year renewable energy plan.
Serbia's Minister of Mining and Energy, Dubravka Dedovic Handanovic, highlighted the economic and environmental benefits of increased renewable capacity. She noted the auctions' potential to stimulate electricity production, foreign direct investment, and progress towards the nation's green agenda goals.
The auction follows the success of Serbia's first renewable energy auction last year and is expected to draw significant investor interest, fostering competition that could lead to lower energy prices.
