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Serbia to Call Renewable Energy Auctions in June

Green Energy

Photo by Alberto Masnovo/Shutterstock

Serbia's Minister of Mining and Energy Dubravka Đedović said on Friday that the country this month will announce renewable energy auctions, which are expected to increase the production of renewable energy sources (RES) almost three times in the medium term, state news agency Tanjug reported.

"We are determined to encourage public and private sector investments in the construction of solar power plants, as well as to continue subsidizing citizens in the installation of solar panels," Đedović said, as quoted in a statement by the Energy Ministry. Serbia will aim to reduce harmful gas emissions by 34% by 2030, she said.

Serbia intends to invest close to EUR 15 billion (USD 16.2 billion) in energy infrastructure in the coming years.

In the coming years, Serbia will invest substantial funds in energy infrastructure to develop more power generation capacities from renewable energy sources, secure sufficient quantities of energy and fuels for citizens and businesses, and reduce adverse environmental impacts, she said.

Đedović said after meeting with AIIB Vice President Konstantin Limitovskiy that priority projects could be carried out in cooperation with Asian Infrastructure Investment Bank (AIIB), among other partners.

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