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Valid bids for 519 MW wind parks, 11.6 MW solar projects submitted in Serbia's first RES auctions

Aug 17, 2023, 12:59:11 PMArticle by Djordje Jajcanin
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August 17 (SeeNews) - Serbia’s energy ministry said it received valid bids for wind power projects with a total capacity of 519 MW and solar projects with 11.6 MW capacity in the country’s first auctions for market premiums for electricity generation from renewable energy sources (RES).

Valid bids for 519 MW wind parks, 11.6 MW solar projects submitted in Serbia's first RES auctions
Photo: Pixabay

Bids for wind power projects exceeded the quota of 400 MW, while solar power projects attracted applications for just 36.2 MW of the 50 MW quota, the energy ministry said in a statement on Wednesday.

The lowest wind power bid amounted to 64.48 euro ($70.14) per MWh, compared to 88.65 euro per MWh for solar power.

Eight of the nine wind power projects and three of the seven solar power projects were declared valid.

“The achieved prices for most of the capacities are almost half the current market prices, so we have a lot of reasons to be satisfied, especially since we will get an additional 550 MW, which will double the total current green energy capacities in Serbia. This is very important for the economic growth of our country, as it will generate investments worth more than one billion euro in the next few years,” energy minister Dubravka Djedovic was quoted as saying by local news outlet Blic.

Valid bids for wind projects

Bidder Project Capacity offered (MW) Total project capacity (MW)
Vetropark Lipar Kula 3 7 10
Vetropark Torak Kula 2 7 10
Vetropark Lipar Kula 4 7 10
MK-Fintel Wind Ram 6.6 9
Cibuk 2 Wind Energy Cibuk 2 108.5 150
Vetrozelena Vetrozelena 210 291
Crni Vrh Power Crni vrh 105 150
Enlight K2-Wind Pupin 68 95.5

Valid bids for solar projects

Bidder Project Capacity offered (MW) Total project capacity (MW)
Terra Solar IMT Knjazevac 1.2 1.5
Novo Selo Power Lebane – Novo Selo 6.4 8
Hiperion Sol Margisol 4 4

($ = 0.9192 euro)

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