Serbia launches auctions for wind, solar


Photo: iStock


June 14, 2023






June 14, 2023





The Government of Serbia and the Ministry of Mining and Energy have launched auctions for incentives for renewable energy sources, with a 400 MW quota for wind farms and 50 MW for solar power plants.

Serbia’s first renewable energy auctions mark the beginning of the implementation of a three-year incentives plan, which envisages market premiums for a total of 1.3 GW of renewable energy capacities for the 2023-2025 period. Minister of Mining and Energy Dubravka Đedović said the auctioning procedure is digitized, ensuring a swift, efficient and transparent process that will bring 450 of new green megawatts for the Serbian economy and citizens.

Investors have two months to send bids

Instructions and the public call are available at, while any queries investors may have regarding the application process will be answered by the auction committee.

Applications are to be submitted via the same website over the next 60 days, or until mid-August this year.

With these auctions, implemented in line with the best European and international practices, Serbia switches to market premiums, which enable better cost management and a greater overall benefit for the energy system, according to Đedović. The new model is expected to spur foreign direct investment and GDP growth, while bringing down electricity prices and ensuring a more secure supply, according to her.

Incentives will be awarded to investors who offer the lowest price

The price ceilings set by the Government of Serbia are EUR 105 per MWh for wind power EUR 90 per MWh for solar power.

Incentives will be awarded to investors who offer the lowest prices compared to the price ceiling. “This is expected to result in lower electricity costs,” said the ministry.

Technical assistance for the development of the legal and regulatory framework for auctions is provided by the European Bank for Reconstruction and Development (EBRD), with financial support from Switzerland’s State Secretariat for Economic Affairs (SECO) and EBRD shareholders.

Regulatory groundwork for auctions

The launch of auctions follows the recent adoption of changes to the Law on the Use of Renewable Energy Sources and supporting bylaws, which laid the groundwork for a faster integration of new renewable energy capacities into Serbia’s power system, while maintaining the reliable and stable system operation and ensuring the participation of state power grid operator Elektromreža Srbije (EMS) and power utility Elektroprivrede Srbije (EPS), the ministry said.

Minister Đedović also said she expects EPS to take an active role in the auction process in order to ensure a more secure supply for citizens and businesses.

Successful auctions are expected to bring in more than EUR 3 million in annual revenues to EPS, based on relevant market prices, said Đedović.

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


Serbia to commission first study on possibility of building nuclear power plants

20 June 2024 - The Ministry of Mining and Energy of Serbia invited consultants to conduct an analysis of nuclear energy technologies including SMRs

Guide for integrating biodiversity with green power plants and grid expansion

Eurelectric issues guide for integrating biodiversity in renewables, grid expansion projects

20 June 2024 - The European association of electricity companies, Eurelectric, has published a guide for sustainable electrification


Masdar to take over Terna Energy in deal worth EUR 3.2 billion

20 June 2024 - Masdar is expanding in Greece and Europe by buying Terna Energy for EUR 2.4 billion, translating to an enterprise value of EUR 3.2 billion

WindEurope EU elections center right expected partly revise European Green Deal

WindEurope on EU elections – center-right expected to partly revise European Green Deal

19 June 2024 - Electricity-intensive industry and WindEurope are seeking assurances on the European Green Deal from EU leaders, following the elections