What does a solar project mean for Serbia?

For Serbia, this project means more than just meeting renewable energy goals. It promises energy independence, economic stability, and a sustainable energy supply. By creating a network of self-balancing solar plants, Serbia strengthens its energy security, attracts green investments, and aligns with global environmental standards.

What is a 1 GW solar power project in Serbia?

1 GW Solar Power Project in Serbia, set to transform the country's renewable energy landscape and boost sustainability efforts.

Why does Serbia need a solar grid?

By creating a network of self-balancing solar plants, Serbia strengthens its energy security, attracts green investments, and aligns with global environmental standards. An interconnected grid also allows Serbia to better distribute energy, meeting future demands while maintaining grid stability.

Will Serbia develop a solar power plant?

The Serbian government is seeking a strategic partner to develop at least five PV plants with a cumulative capacity of 1 GW/1.2 GWh and at least 200 MW/400 MWh of battery energy storage. State power company Elektroprivreda Srbije (EPS) will own and operate the assets.

Who will build a self-balancing solar power plant in Serbia?

First, on 4 May 2023, the Government of Serbia initiated the procedure for selecting a strategic partner for the construction of 1 GW of self-balancing solar power plants to be owned and operated by the state-owned power utility EPS a.d. Beograd. The public call is expected to be published in the early summer of this year.

How much electricity does Serbia get from fossil fuels?

Serbia currently gets more than 60% of its electricity from fossil fuels. The contract is the latest in a line of solar projects backed by Serbia’s Ministry of Mining and Energy this year, which includes plans for a 1 GW solar panel factory and another 500 MW of solar.