Serbia awards 645 MW in second renewables auction

Serbia awards 645 MW in second renewables auction The assigned capacity is spread across 10 wind and solar projects, with average prices being €0.0509 ($o.0533)/kWh for the PV technology and €0.0535/kW for wind power, which the Serbian government said are significantly below market levels. February 27, 2025 Emiliano Bellini Markets Policy Utility Scale PV Serbia Image: Derek Sutton, Unsplash Share Serbia’s Ministry of Mining and Energy has concluded the ry’s second renewables auction. It allocated 645 MW of renewable energy capacity through the procurement exercise, which exceeded the 424.8 MW quota initially offered. The assigned capacity is spread across 10 wind and solar projects, with average prices being €0.0509 ($o.0533)/kWh for the PV technology and €0.0535/kW for wind power, which the Serbian government said are significantly below market levels. The Serbian authorities initially aimed to tender 124.8 MW of solar and 300 MW of wind at a maximum price of €0.072/kWh for solar projects and €0.079/kWh for wind projects. The ed developers will be awarded 15-year power purchase agreements (PPAs). The first auction secured 715 MW of projects and more than €1.1 billion of investment. Serbia recently announced the development of several large-scale solar projects, including a deal for 1 GW of solar across six sites and a 1 GW solar panel factory. In addition, work is now underway on state-owned utility Elektroprivreda Srbije’s first solar project. Figures from the International Renewable Energy Agency (IRENA) show that Serbia had cumulatively deployed 137 MW of solar by the end of 2023. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. ‘Solar module prices will soon go back to over $0.12/W’ 26 February 2025 The global solar module industry is expected to regain a sustainable balance in the next six months, Yana Hryshko, head of Solar Supply Chain Research...This content was collected from the Internet. If you want to it, please contact grace solar management.