The Serbian Ministry of Mining and Energy has closed its second round of auctions for renewable energy, selecting 645 MW of solar and wind power projects for contracts for difference (CfDs). The original quota offered by Serbia of 424.8 MW for solar and wind power plants was significantly exceeded, as 41 projects were applied for, with 7 for wind power plants and 34 projects for solar power plants. The prices offered averaged €50.9/MWh for solar and €53.5/MWh for wind, which is below market levels. The projects were mostly awarded to Serbian and Chinese companies, and the total planned investment value is estimated at €782m.
Serbia’s three-year incentive system plan adopted by the Government in 2023 foresees the allocation of market premiums for 1,300 MW for producers from renewable energy sources. In the first round of auctions that was conducted in 2023, 715 MW of renewable capacity was awarded.
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