Serbia allocates 645 MW in second renewables auction with EBRD

Backed by EBRD and SECO, Serbia’s second renewables auction allocated 645 MW of wind and solar capacity, with competitive prices starting at €50.9 per MWh for solar.

By Karthik Srivasthav G 26 Feb 2025 in EMEA Bytes Market Bytes

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Investors have submitted 41 proposals in Serbia’s second auction, which has exceeded the 424.8 MW quota, and the total awarded capacity is 645 MW. Image Credit/Source: Kindel Media/Pexels

Serbia’s second renewables auction has awarded 645 MW of wind and solar capacity, supported by the European Bank for Reconstruction and Development (EBRD) and co-funded by Switzerland’s SECO. Investors submitted 41 project proposals, surpassing the 424.8 MW quota for both solar and wind power. The auction included 7 wind and 34 solar project applications, with highly competitive bids. The offered prices were as low as €50.9 (~$53.5) per MWh for solar and €53.6 (~$56.2) per MWh for wind. The projects are designed under an incentive model, eliminating subsidies and ensuring state returns when market prices exceed auction rates. In Serbia, the EBRD remains a key investor, having invested €9.8 (~$10.29 billion) billion across 372 projects.

#Tender #Serbia #EBRD #SECO

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