Renewables

North Macedonia seeks investors in solar power projects in industrial zones

TIDZ, North Macedonia, solar power plant

Photo: atimedia from Pixabay

Published

December 7, 2023

Country

Comments

0

Share

Published:

December 7, 2023

Country:

Comments:

0

Share

North Macedonia’s Directorate for Technological-Industrial Development Zones (TIDZ) published a call for allocating sites for solar power plants. The tender was launched for public-private partnerships for 37 plots in five areas.

The Directorate for Technological-Industrial Development Zones (TIDZ) announced that, in some of the areas, there are plots of land that have not been used for more than 15 years. It prompted the to use it in the best way possible, for the development of solar power plants.

The call is for the establishment of public-private partnerships for solar power projects on 37 sites in five technological-industrial development zones. Most of them aren’t suitable for the construction of manufacturing facilities, according to the directorate.

The call is open until December 29

Contracts are planned for the design, construction, operation, and financing of photovoltaic units in the zones Skopje 1 and Skopje 2, Štip, Strumica, Prilep, and Struga. The partnerships are for a period of 25 years, the statement adds. The call is open until December 29.

In the feasibility study, the investments were valued at a total of EUR 40 million. The peak capacity would be 50 MW. The tender documentation shows that Štip would host the most, 34 MW. The sites cover 60.6 hectares overall, of which 54.3 hectares are designated for solar power plants.

Multiple companies are allowed to invest

The procedure allows for investment by multiple companies, both domestic and foreign. The government will receive a share of revenue, and an additional fixed fee is foreseen for land use.

According to a study conducted by international auditing firm Grant Thornton, the fixed fee alone is estimated at a combined EUR 14 million over the contract duration.

“These funds will be used to cover the costs of preparing the land in the zones, as well as for other infrastructure endeavors aimed at expediting and ensuring the successful implementation of these investment projects,” the statement reads. Part of the revenue will be used to finance TIDZ’s initiatives to support youth.

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

IFC loan Serbia largest biomass CHP decarbonize paper industry

IFC approves loan for Serbia’s largest biomass CHP project to decarbonize paper industry

26 February 2024 - IFC facilitated a loan package of EUR 106 million for Serbian tissue paper producer Drenik ND, which is about to build a biomass CHP plant

Viktor Andonov BEF 2024 North Macedonia ESM EUR 1 billion decarbonization

Viktor Andonov to participate in BEF 2024 conference: North Macedonia’s ESM earmarks EUR 1 billion for decarbonization

26 February 2024 - Viktor Andonov from North Macedonia's power utility Elektrani na Severna Makedonija (ESM) will participate at Belgrade Energy Forum 2024

Turkish company Zorlu Energy IPO renewables subsidiary

Turkish company Zorlu Energy initiates IPO of its renewables subsidiary

23 February 2024 - Zorlu Renewables, the largest geothermal power plant operator in Turkey, is preparing for a stock market debut

EIB-Global-loan-EPBiH-for-Vlasic-wind-power-plant

EIB Global approves loan to EPBiH for Vlašić wind power plant

22 February 2024 - EIB Global formally approved a EUR 36 million loan for the Vlašić wind power project near Travnik in Bosnia and Herzegovina