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Renewable Energy

 

  • Small hydro power plants - between €5.9 and €9.7
  • Biomass power plants - between €11.4 and €13.6
  • Biogas power plants - between €12 and €16
  • Geothermal power plants - €7.5

Open for Business Renewable energy market in Serbia is in its initial development phase which leaves a lot of room for new investments in all segments of this industry. The objective of the Republic of Serbia before the end of 2012 is to enhance its power generation from renewable energy sources by 7.4 per cent or 735 million kilowatt hours compared to 2007.

Biomas Serbia produces around 1 mtoe of wood biomass predominantly situated in central and southern parts of the country and 1.4 mtoe of agricultural biomass, mostly in the province of Vojvodina.

Small Hydro Power Plants The cadastre registers over 800 locations with a total power of around 500 MW, geographically positioned in eastern and western parts of the country.

Solar Energy The production potential in Serbia is estimated to around 1.4 kWh/m2 and with an average daily value of about 3.8 kWh/m2 throughout the whole year. The largest potential is situated in southern regions and varies between 1.6 kWh/m2 in January and 6.5 kWh/m2 in July.

Geothermal Sources These sources are rather equally spread around the country and are mostly used for sports and recreation, medical purposes and agriculture.

Wind Energy The production capacity, based on meteorological measurements, is estimated at 1.300 MW or 2.300 GWh. The locations with best conditions are Midzor - 7.66 m/s, Vrsacki breg - 6.27 m/s, Tupiznica - 6.25 m/s, Krepoljin - 6.18 m/s, and Deli Jovan - 6.13 m/s.

Inciting the Development Serbia developed stimulating feed-in tariff system for energy produced from renewable sources in power plants with a capacity of less than 10 MW. Feed-in tariffs are guaranteed for every renewable energy source for the period of 12 years with a possibility for extension.

Export to Italy In November 2009, the Italian and Serbian governments have signed an agreement which will allow Serbian renewable energy producers to export green energy into Italy at prices significantly higher to those of the local market.

Rights and obligations of the buyer and a privileged power producer shall be defined in a written power purchase agreement, for the period of 12 years.