Fortis Energy Launches 110 MWp Solar + Storage Project in Serbia
This hybrid solar and storage project represents a strategic investment aimed at enhancing grid reliability, integrating renewable energy, and reducing dependence on fossil
Energy in Serbia is dominated by fossil fuels, despite the public preference for renewable energy. In 2021 Serbia's total energy supply was almost 700 PJ, with the energy mix comprising coal (45%), oil (24%), gas (15%), and renewables (16%).
Factors driving the renewable trend in Serbia include EU accession-related requirements for Serbia to decrease thermal power generation and Serbia's commitments under the Energy Community Treaty and the Paris Agreement to reduce greenhouse gas emissions.
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.
Serbia heavily subsidizes coal and electricity prices, inhibiting competition. Recently, the Serbian government and EPS have announced ambitious plans to transition to green energy solutions and reduce Serbia's dependence on Russian natural gas.
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