Serbia intends to afforest 7,000 hectares with climate-resilient tree species and converse 51,000 hectares of degraded forests within the USD 84 million FOREST Invest project. An agreement for the project ‘Enhancing the resilience of Serbian forests to ensure energy security of the most vulnerable while contributing to their livelihoods and carbon sequestration (FOREST Invest)’ was […]
Wind power projects Alibunar 1 and Alibunar 2, majority-owned by SANY Renewable Energy, a leading global wind turbine manufacturer based in China, have ranked second and third, respectively, in Serbia’s latest renewable energy auction for market premiums in the wind power segment. The auction was organized by the Ministry of Mining and Energy as part […]
Serbia’s transmission system operator Elektromreža Srbije received two grid connection applications for battery energy storage systems. They are the first energy storage projects in the country. Investments in battery energy storage systems (BESS) is ramping up around the world and Serbia is now making its first steps. Annual installations have increased more than 12 times […]
Israeli company Nofar Energy said its photovoltaic park in northern Serbia of 27 MW in peak capacity began delivering electricity to the grid. The project consists of two adjacent units, Ada1 and Ada2, connected to the distribution grid. After installing Romania’s largest solar power plant in a partnership, Nofar Energy now operates the largest photovoltaic […]
The first tokenization in Serbia’s energy sector has been completed, with AVR Solar Park selling 80% of AVR Solar Tokens, worth EUR 600,300, out of EUR 725,000 on offer. The company emphasized that this innovative financing model has the potential to address the issue of unfavorable financing conditions in the Serbian market. The recepits from […]
Serbia’s transmission system operator Elektromreža Srbije signed a contract for the construction of a two-system 400 kV transmission line from the Obrenovac substation to the Bajina Bašta substation. The power line from the Obrenovac substation to the Bajina Bašta substation is part of the third section of the Trans-Balkan Corridor for the transmission of electricity, […]
Cypriot Minister of Finance Makis Keravnos said the Great Sea Interconnector (GSI) project still faces very serious political obstacles. He highlighted the pressure from Turkey, alongside the financing disputes with Greece regarding the EU-backed bilateral investment to lay an undersea electricity cable that would connect the two countries. Following a second incident this month when […]
EDP Renewables declared its two new wind farms in Central Greece and Thessaly open, adding almost 70 MW to the transmission grid. The country expanded its wind power capacity by only 125 MW last year. EDP and its subsidiary EDP Renewables held an inauguration ceremony for two wind parks in Greece. It secured government support […]
Greek authorities are rushing to secure the electricity system against a possible blackout during Easter. Greece currently produces much more electricity than it needs on certain days due to a high renewables penetration and insufficient energy storage. It should be noted that in 2024 the country became a net power exporter for the first time […]
A new ministerial decree sets the framework for the installation of 3.55 GW of energy storage – standalone batteries, without subsidies. The new framework for batteries, presented by the Ministry of Environment and Energy, is under public consultation. It drastically increases the ambition, originally for between 2 GW and 2.5 GW. Now the government aims […]