News

Floods highlight renewable energy market opportunities

Published

May 19, 2015

Comments

comments icon

0

Share

Published:

May 19, 2015

Comments:

comments icon

0

Share

As Croatia, Bosnia and Herzegovina and Serbia continue to rebuild after the devastating floods of 2014, renewable energy development opportunities are popping up left and right, RenewableEnergyWorld.com portal’s contributor Ilias Tsagas wrote in an analysis. The Balkan region has enormous renewable energy potential but to date progress has been hindered by financing, weak legislation and poor grid infrastructure, the article said.

Croatia, the only European Union member state, had to comply with the bloc’s binding renewable energy targets. A national energy standard adopted by parliament in 2009 set a target of 1.2 GW of wind power and 52 MW of solar PV by 2020. However, energy market operator Hrote announced in that it would not provide feed-in tariff contracts to new wind and solar PV projects in 2015.

Serbia’s new energy law from late 2014 was, on the contrary, generating hope, bringing the country in line with EU’s energy policy of liberalization of the electricity sector. The government hopes the law will both entice investment and bring it closer to EU membership.

Bosnia and Herzegovina lacks a national renewable energy target and the existing framework for the promotion of energy from renewable sources is non-compliant.

Bosnia and Herzegovina lacks a national renewable energy target and the existing framework for the promotion of energy from renewable sources is non-compliant. That said, there are an increasing number of wind power projects. However, the country’s high wind potential, around 900 MW, is constrained by “limited grid capacity” and “legal caps”, the article said.

 

Related Articles

Decarbonization of Southeastern European region: both renewables and nuclear are speeding up

24 May 2025 - Representatives of state-owned utilities and independent power producers discussed at BEF 2025 the different approaches to decarbonization in the region

belgrade energy forum bef 2025 energy transition technology turkovic presern Beynio kusljugic

BEF 2025: Technologies for energy transition are here, getting cheaper every day

23 May 2025 - The missing parts are grids and regulations, according to the investors and lenders gathered at Belgrade Energy Forum 2025

depa gas power plant larissa

Greece’s DEPA joins forces with Clavenia to build 792 MW gas power plant

23 May 2025 - The planned gas power plant is expected to be Greece's most efficient combined cycle gas turbine (CCGT) facility, DEPA said

belgrade energy forum bef 2025 western balkans region cooperation

BEF 2025: Regional cooperation can facilitate energy transition, energy security

22 May 2025 - Belgrade Energy Forum featured representatives from the governments of Montenegro, Croatia, Hungary, the Republic of Srpska, and Serbia, and from UNECE