Renewable Energy Ambitions in Serbia

JPM Jankovic Popovic Mitic Senior Partner Jelena Gazivoda, together with Kinstellar’s Belgrade Managing Partner Branislav Marić, and Gecić Law Partner Ognjen Colić, provided expert comments regarding Renewable Energy Ambitions in Serbia for the November issue of CEE legal matters magazine.

Although there are several incentives for renewable energy projects supported by the state, there also seem to be several factors that could impede Serbia’s potential for renewables and deter further investments in the sector.

In this article, Jelena Gazivoda outlines Serbia’s energy potential and state incentives emphasizing several factors that draw investor attention to the renewables sector in Serbia.

First of all, she notes, “there is the local availability of energy and energy sources in Serbia, in terms of the existence of all types of renewable energy sources – sun, wind, hydropower, biomass, biogas – as well as coal.”

She also points to the country’s determination to implement the Green Agenda, “as well as long-term support from international financial institutions, especially the EBRD, World Bank, and European Investment Bank.” According to her, “the EBRD has supported the two largest investments in the country’s renewable energy sector so far – wind farms Čibuk 1 and Kovačica – which, combined, produce electrical energy for around 180,000 households.”

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