Renewables

UPDATE: Serbia temporarily suspends incentives for renewables, high-efficiency cogeneration

Greece Dapeep renewables compensation

Photo: Analogicus from Pixabay

Published

March 19, 2020

Country

Comments

comments icon

0

Share

Published:

March 19, 2020

Country:

Comments:

comments icon

0

Share

The Government of Serbia has decided to suspend payments of incentives for electricity produced from renewable energy sources and in high-efficiency cogeneration units– CHP, multiple sources familiar with the matter told Balkan Green Energy News.

The persons close to the government confirmed  that the Government of Serbia, at the meeting yesterday, brough decision to temporarily suspend payments of feed-in subsidies to the privileged power producers from renewable energy sources and in high-efficiency cogeneration units. The new situation goes in line with the Article 27. of the Power Purchase Agreement, which privileged power producers sign with EPS. The article states that in the case of  force majeure, one contracting party can delay its obligations.

It can be expected that Electric Power Industry of Serbia (EPS) will soon officially inform power producers about the Government decision.

According to the information obtained, this measure is only of a temporary character and once the state of emergency ends, the power producers will continue to receive the incentives according to the model defined in the contracts.

President Aleksandar Vučić declared a state of emergency on March 15 due to the risk of the rapid spread of the coronavirus.

According to the latest data provided by the Registry of power producers with the status of privileged producers, there are 262 privileged power producers with the total installed capacity of 456 MW. According to the latest report of Electric Power Industry of Serbia, EPS, that is obliged to purchase this electricity, the average value of invoiced bills for this electricity stands at 1.672.187.080,00 RSD (EUR 14,2 million).

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 drafts just transition action plan public debate

Serbia drafts just transition action plan

30 May 2025 - The Ministry of Mining and Energy has published a draft just transition action plan and launched a public debate

Regional Power Sector Exchange Western Balkans disitribution system operator dso grids ohrid giz

Third Regional Power Sector Exchange in Ohrid: Power grids at core of energy transition

30 May 2025 - The third Regional Power Sector Exchange of the Western Balkans gathered over 80 energy professionals from the Western Balkans

two solar power plants egesa enerji vojvodina

Turkish Egesa Enerji to build two solar power plants in Serbia’s Vojvodina province

30 May 2025 - Turkish company Egesa Enerji has launched a project to build two solar power plants in Vojvodina, with a total nominal capacity of 8.6 MW

Green for Growth Fund partnership Swedish International Development Cooperation Agency Sida

Green for Growth Fund launches partnership with Swedish International Development Cooperation Agency

30 May 2025 - GGF and the Swedish International Development Cooperation Agency are expanding green lending in the Western Balkans and the EU's Eastern Neighborhood