Renewables

North Macedonia expects surplus green electricity from May to October

North Macedonia surplus green electricity May to October

Photo: Kreshnik Bekteshi / Facebook

Published

February 14, 2023

Country

Comments

comments icon

0

Share

Published:

February 14, 2023

Country:

Comments:

comments icon

0

Share

Solar power projects with construction permits reached a record of over 400 MW in total in North Macedonia, Minister of Economy Kreshnik Bekteshi said. There will probably be surplus electricity from renewable sources during the period from May to October, in his view.

North Macedonia scheduled an increase in value-added tax on electricity to 18% from 10% for July 1, but Minister of Economy Kreshnik Bekteshi said he doesn’t expect prices to actually rise, pointing to developments in the market. He hinted that the government could delay the increase if necessary and added that the calculation method would be adjusted.

Total planned capacity of photovoltaic projects that received construction permits has surpassed 400 MW, reaching an all-time high, Bekteshi said. The interest in such investments has significantly grown with the simplification of the procedure, he stressed.

ESM’s production reached a ten-year record

Moreover, North Macedonia will most likely have renewable electricity surpluses from May to October as production should exceed demand during some hours and days, according to the minister. Speaking at the same press conference, Chief Executive Officer of Elektrani na Severna Makedonija or ESM Vasko Kovačevski said the state-owned utility is currently producing the most electricity in the last ten years.

In less than four years, 700 MW of new capacity will be connected to the grid, Minister Bekteshi estimated. He revealed that an allocation plan would soon be issued to make sure that investors know right at the start of a project whether it will be possible to get their power plant online. ESM’s investments in renewables will get priority, he explained.

The surge in demand for grid connections surprised North Macedonia’s transmission system operator

Transmission system operator MEPSO, which is tasked with connecting renewable electricity facilities of over 10 MW to the grid, received 43 requests last year for 5.14 GW, Vesti reported. The article adds that another 8 GW is expected.

MEPSO’s CEO Orhan Murtezani said the rise in demand is unexpectedly high and suggested that investors should be obligated to install batteries with their green power plants.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

Energy permit not needed for power plants under 1 MW in BiH

15 July 2024 - The Ministry of Energy, Mining and Industry has adopted the rulebook on issuing energy permits and it entered into force on July 6

koncar croatia siemens energy

Končar, Siemens Energy launch new joint venture

15 July 2024 - Croatia’s firm Končar and Siemens Energy have signed a joint venture agreement on the establishment of the Končar - Transformer Tanks

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%