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

0

Share

Published:

March 19, 2020

Country:

Comments:

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

Gas interconnector Greece Bulgaria commercial operation October 1

Gas interconnector Greece-Bulgaria to start commercial operation on October 1

29 September 2022 - Greece and Bulgaria issued operating permits for the interconnector between the two countries' gas networks

Solar power inaugurated Zlatolicje hydropower Slovenia

Solar power plant inaugurated at Zlatoličje hydropower plant in Slovenia

29 September 2022 - The first part of the 30 MW Zlatoličje-Formin solar power plant in Slovenia has entered regular operation

Suzlon Energy BH starts construction of the Ivan Sedlo wind park

Suzlon kicks off construction of wind farm in Sarajevo Canton

28 September 2022 - BiH has so far built two wind power plants, Mesihovina and Jelovača, and projects with a total capacity of 2.2 GW are in the pipeline

Romania Nuclearelectrica joint venture small modular nuclear reactors

Romania’s Nuclearelectrica launches joint venture for small modular nuclear reactors

28 September 2022 - Nuclearelectrica and Nova Power and Gas launched RoPower Nuclear, a project firm for the development of small modular reactors in Romania