North macedonia energy storage technologies
UGT Renewables, in a consortium with South Korean technology giant Hyundai Engineering Co. (HEC), offers project development, financing, and construction services for utility-scale
The 2022 energy crisis exposed and intensified the vulnerabilities in the energy sector of North Macedonia, revealing the risks of an insufficiently diversified power generation mix and weak regional market integration.
Years of declining domestic energy production, driven by underinvestment in both new infrastructure and the maintenance of existing assets, left North Macedonia especially susceptible to energy price volatility. The concept of a “just transition” is important for North Macedonia, especially in regions that are heavily dependent on coal.
North Macedonia has made important commitments in its green transition, including the complete phase-out of coal-fired power generation and the deployment of 1.7 gigawatts of renewable energy by 2030, grid and storage investments for energy security and measures to support communities affected by coal transition.
North Macedonia has established institutional, legal, and financial arrangements for elected officials to exercise effective power to govern that are not constrained by non-democratic veto powers or other undue influences. As in many other transition countries, there has long been a close relationship between business and political elites.
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