What is Serbia's energy investment plan?

The Ministry of Mining and Energy has announced a €15 billion investment plan for the electricity sector in next several years, expecting to reach more than 3 GW of renewable energy production plants. The main players and investors in the Serbian Energy Sector are:

Will Serbia develop a pumped storage hydro project at Djerdap?

Serbia is interested in a developing a Pumped Storage Hydro (PSH) project at Djerdap. The project is located east of Belgrade on the Danube River bordering with Romania. First conceived in 1974, Djerdap III is envisioned as a facility capable of daily and seasonal water regulation, with installed capacity of between 1800 and 2400 MW.

Who owns the large-scale solar and battery energy storage project?

Delivering the utmost flexibility to the Serbian government, the Large-Scale Solar and Battery Energy Storage Project being developed by UGT Renewables will be owned and operated by Electric Power Industry of Serbia (EPS) once completed.

What percentage of Serbia's electricity comes from coal?

Serbia’s national power utility Electric Power of Serbia (EPS) produces nearly 70 percent of the country’s electricity from coal and nearly 27% percent from hydropower, with approximately 4% coming from private developers in wind and solar energy. Serbia heavily subsidizes coal and electricity prices, inhibiting competition.

Will Serbia build reversible pumped-storage hydropower?

Serbia has long-standing plans to construct reversible pumped-storage hydropower capacity at the Djerdap site on the country’s eastern border with Romania and the Bistrica site on the Bosnian border in the west.

How many wind power plants does Serbia have?

Through its fully subscribed feed-in tariff program (long-term contracts which provide guaranteed pricing to renewable producers), Serbia has contracted 568 MW of wind power plants and approximately 11 MW of solar plants.