Serbia has announced the launch of its first renewable energy auction as part of a three-year plan to support 1300MW of renewables.
Windpower projects with a combined capacity of 400MW and 50MW of solar projects will be supported through a contract for difference for 15 years.
The support scheme encourages the market integration of renewables, as developers receive support in line with market prices, in addition to income from the sale of electricity achieved in the power market.
The auctions represent the first round of a three-year plan, which envisages the total allocation of premiums for 1000MW for wind power generation capacity and 300MW for solar .
The launch follows a technical cooperation project with the Ministry of Mining and Energy, led by the European Bank for Reconstruction and Development (EBRD).
The project was supported by the government of Switzerland via a grant from the Swiss State Secretariat for Economic Affairs (SECO).
The public call for applications will appear on the ministry’s website.