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Energy Ministry Awards 400 MW To Wind Energy Projects as Solar Category Was Undersubscribed

small solar energy farm in countryside
  • Serbia has completed its 450 MW renewable energy auction, the 1st for the country  
  • Solar energy segment was undersubscribed with only 13.5 MW bids coming in for 50 MW quota  
  • Lowest winning bid among successful solar projects came in at €88.65/MWh against a €90/MWh ceiling tariff

Wind energy hogged Serbia’s maiden renewable energy auction, winning all of 400 MW offered, whereas the Ministry of Mining and Energy (MRE) selected 3 projects with a combined capacity of 11.6 MW out of 50 MW of solar PV capacity on offer.   

There was significant undersubscription for solar category with bids coming in for a total of 13.5 MW by the 3 winners who finally contracted 11.6 MW. It was the opposite for the wind energy segment where bids came in for a total of 519.1 MW, and the ministry selected 4 projects with an aggregate capacity of 400 MW. 

The selected solar power projects included a 4 MW plant of Hiperion Sol that offered the lowest winning bid of €88.65/MWh against the ceiling of €90/MWh. Novo Selo Power was selected for 6.4 MW, while Terra Solar bagged 1.2 MW capacity, for €89.8/MWh each.  

For wind energy facilities, the tariffs were capped at €105/MWh and the lowest winning bid of €64.48/MWh was selected for Vetrozelena’s 210 MW capacity.  

Winning projects will be supported under the 15-year contracts for difference (CfD) mechanism. 

The list of winning solar and wind energy projects is available on a dedicated website of the ministry.  

The auction was launched in June 2023, as part of the country’s 3-year Incentive System Plan to contract 1.3 GW capacity.   

In July 2023, the Serbian Energy Ministry launched a public call for a strategic partner for a 1.2 GW DC/1.0 GW AC utility-scale solar and storage power plant.  

Source from Taiyang News

The information set forth above is provided by Taiyang News independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.

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