News

Investment depends on government taking share of risk

Published

June 18, 2015

Comments

comments icon

0

Share

Published:

June 18, 2015

Comments:

comments icon

0

Share

Out of initial 15 thermal plants, only the ones in Nova Varoš, Prijepolje, Mali Zvornik and Priboj will switch to biomass, in a project funded by KfW Development Bank, Miloš Banjac, assistant minister for mining and energy, said at the Energy Day conference. The project’s value has thus come down to EUR 20 million, Banjac said. The yearly event was organised fourth time in a row by the Society of Thermal Engineers of Serbia, in cooperation with Energoprojekt Entel AD within the European Union’s Sustainable Energy Week initiative – EUSEW.

Serbia and Albania advanced the most within the Energy Community in relation to the implementation of EU’s Third Energy Package, Janez Kopač, director of the Energy Community Secretariat, said during his presentation. The biggest problems are in Bosnia and Herzegovina and in Macedonia, the latter actually taking a step back, as consumers weren’t allowed to choose a power supplier, he added. “Energy Union is an efficient political slogan, as it perpetuates and intensifies discussions on what it really represents and on energy policy of the EU, which is at a crossroads. We are moving ever deeper into the field of renewable energy sources and the decarbonisation of the economy, with problems emerging, so they are to be solved through energy policy,” Kopač stated.

Green economy is a driver of economic growth and the number of jobs in that sector has risen significantly in the EU, despite the recession, said Freek Janmaat, head of the European integration section of the Delegation of the EU in Serbia. Agenda for renewable energy sources and climate change isn’t exclusive of growth policy, as evidence shows that the EU curbed emission of greenhouse gasses by 19% since 1990, while its gross domestic product grew by 45%, he added. Janmaat said Serbia needs clarity about the division of risks between the government and investors in renewables. The state should find balance between the difficult situation it is in and its commitment to the target of 27% share of renewable energy, and stimulate those projects, he underscored.

Development of power generation from renewable sources will bring huge amounts of electricity, which may help bringing its price down in a few decades, even to less than zero, making investment unprofitable, Arthur Heberle, vice president of Mitsubishi Hitachi Power Systems Europe, told Balkan Green Energy News. A major problem is volatility in generation, because there is, for instance, a lot of power from solar panels during the day, and none at night, or sometimes there is very little sunshine, he added, suggesting storage costs are a very important factor. “The best would be to reduce carbon dioxide emissions as much as we can, using the technology that would make it economical at the time. Conventional plants will remain, though,” Heberle said. At the conference, he presented the case of Germany in energy sustainability in Europe.

Related Articles

north macedonia forum skopje declaration sustainable energy undep sanja bozinovska grigorian liguti

Skopje Declaration signed as International Forum on Energy for Sustainable Development wraps up

31 October 2025 - The three-day International Forum on Energy for Sustainable Development (IFESD-14) brought together over 500 participants from 70 countries

Desulphurization project at Kakanj thermal power plant to cut emissions by almost 100%

Desulfurization project at Kakanj thermal power plant to cut emissions by almost 100%

31 October 2025 - Bosnia and Herzegovina’s state power utility, Elektroprivreda BiH, is carrying out a desulfurization project at units 6 and 7 of the Kakanj thermal power plant.

serbia seepex eps intraday idc market contract

EPS to help SEEPEX strengthen Serbia’s intraday power market

31 October 2025 - SEEPEX believes this collaboration will position its IDC market as a trusted and dynamic platform for trading across the region and beyond

PPC building three battery storage facilities in Greece

PPC building three battery storage facilities in Greece

30 October 2025 - PPC Group has launched the construction of a battery energy storage system in the area of its Amyntaio coal plant