Solar Energy in North Macedonia: Opportunities With Photovoltaics
This article explores the current state of solar energy in North Macedonia, the opportunities for growth, and the challenges that must be addressed to maximize its potential.
This shift underscores North Macedonia's potential as a burgeoning market for solar energy production, particularly as the country aims to meet its ambitious renewable energy targets. The regulatory landscape for renewable energy in North Macedonia has been markedly transformed with recent changes adopted in April 2023.
At the moment, most of the electricity in North Macedonia is produced from thermal power plants with coal as the primary energy source. The share of the renewable energy sources in the total installed capacity in North Macedonia is 38%, with most of the renewable energy coming from large hydro powerplants.
With the government targeting a 38% share of renewables in gross final energy consumption by 2030 and proposing substantial investments totaling approximately US$1.7 billion by 2030, the future of solar energy investment in North Macedonia appears promising and critical for the nation's energy transition.
Historically, the country's journey toward solar energy began with the National Energy and Climate Plan (NECP) established in 2022, which set clear targets for renewable energy consumption. Macedonia – new player in solar industry.
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