Renewables

Serbia sets maximum prices for wind, solar power auctions

Serbia sets maximum premiums for wind solar auctions

Photo: iStock

Published

June 5, 2023

Country

Comments

0

Share

Published:

June 5, 2023

Country:

Comments:

0

Share

The price ceilings at the upcoming renewable energy auctions in Serbia will be EUR 105 per MWh for wind power EUR 90 per MWh for solar power.

The Government of Serbia published the maximum price of electricity that participants at the first auctions for premiums for wind farms and solar power plants in Serbia can bid for. Setting the sum was one of the most important steps in the preparation for the launch of the calls for the competitive procedures.

Of note, the government also adopted new decrees on the balancing responsibility contract model and on market premiums and feed-in tariffs.

The maximum electricity prices offered for the purpose of auctions within the market premium mechanism are EUR 105 per MWh for wind power and EUR 90 per MWh for solar power projects, according to the decision.

Initially, a price of EUR 55.7 per MWh was set for wind power

The ceiling was already determined in November 2021 for participants in the planned wind farm auction, at EUR 55.7 per MWh. But there was no public call in the meantime as electricity prices were breaking records amid the energy crisis. In the region, they spiked from an average of between EUR 50 per MWh and EUR 70 per MWh to more than EUR 500 per MWh, but they subsided in recent months.

At its first auctions, Serbia plans to allocate premiums for wind farms with a capacity of an overall 400 MW and photovoltaic plants with a 50 MW in total.

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

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović

Bulgaria-add-42-GW-wind-outside-protected-areas

Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...

US-Canada-financing-nuclear-reactors-Romania-Cernavoda

US, Canada approve financing for new nuclear reactors at Romania’s Cernavodă

29 September 2023 - US Exim Bank approved a USD 57 million loan and Canada offered CAD 3 billion in financing for new reactors in Romania's Cernavodă plant

Alcazar Energy fund acquires rights wind power Bijela Montenegro

Alcazar Energy fund acquires rights to wind power project Bijela in Montenegro

28 September 2023 - Luxembourg-based Alcazar Energy took over the Bijela wind farm project in Šavnik in Montenegro, of 118 MW