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

Turkey 20 GW PV capacity wind power 13 GW

Turkey tops 20 GW in PV capacity, wind power surpasses 13 GW

18 February 2025 - Turkey exceeded 20 GW in PV capacity last week, reaching 20.4 GW, while wind power grew to more than 13 GW

bih concession solar ljubinje trebinje cicevo bancici srpska

Republic of Srpska grants two concessions for solar power plants

18 February 2025 - The deadline to sign concession contracts for the two power plants is 60 days and it expires in early April

Race against time for Greece to avoid a blackout on Easter

Race against time for Greece to avoid a blackout on Easter

18 February 2025 - Greek authorities are rushing to secure the electricity system against a possible blackout during Easter

IEA Renewables cover almost all electricity demand growth 2027

IEA: Renewables to cover almost all electricity demand growth through 2027

17 February 2025 - A sharp increase in global electricity demand is expected in the next three years, IEA said and estimated that renewables would cover 95%