Serbia to invest EUR 0.3-0.5bn in renewable energy.

By bne IntelliNews November 16, 2010
Serbia will invest some EUR 300mn-500mn in renewable energy resources over the next two years, Danas daily reported. The investments in this field could reach some EUR 2bn over the next 5-7 years, energy ministry official Nikola Rajakovic stated at a conference on renewable energy sources in Belgrade. The biggest potential is seen in the construction of small hydropower plants, wind farms, biomass and geothermal power plants. According to Rajakovic, the energy ministry has so far issued licenses for the construction of wind farms with total installed capacity of 1,500 MW. US Ambassador in Belgrade Mary Warlick told the conference that investors from the US, Germany and other countries are interested in these projects in Serbia, adding that the US Agency for International Development (USAID) is working with a number of foreign investors that could pour some EUR 1.5bn in wind energy projects. However, implementation of these investment projects requires legislative amendments, such as legal issues in regards to the purchase of electricity and right to connect to the power distribution network. On a related note, B92 reported that MK-Fintel Wind, a JV of Italian Fintel Energia Group and Serbian MK Group, plan to start the construction of a wind farm in July and put it into operation by October.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335