Renewable Energy
The National Action Plan for Renewable Energy (NREAP) adopted in 2013 set a target of 27 % renewables in final energy consumption by 2020. Out of this, 37 % would come from power generation, 30 % from heating and 10 % from transport. With 20,32% of renewables in its energy mix, Serbia was far from its indicative trajectory of 24,3% in 2018.
Within the framework of the NREAP, Serbia plans to raise its renewable power capacity by almost 1.1 GW by 2020. The total investment costs for this are seen at around €2.3 billion. Out of the targeted 1.1 GW, wind is expected to account for nearly half of this, hydropower 40 % and biomass 9 %.
Serbia has significant potential for renewable energy, particularly in the areas of wind, solar, biomass, and hydro power. However, the country's share of renewable energy in total final energy consumption was only around 20% in 2019, according to the International Renewable Energy Agency (IRENA).
To support the development of renewable energy, Serbia has implemented various measures, including feed-in tariffs, net metering, and green certificates. The country has set a target of increasing the share of renewable energy in its gross final energy consumption to 27% by 2020.
Wind power is one of the fastest-growing sources of renewable energy in Serbia, with a total installed capacity of around 500 MW. Solar power is also being increasingly used, with several large-scale solar projects under development. Hydro power is another important source of renewable energy in Serbia, with a total installed capacity of over 3 GW. Finally, biomass and biogas are also being increasingly used for electricity generation and heating.
Overall, Serbia has significant potential for further development of renewable energy sources and is committed to increasing their share in its energy mix.
Last update: 07 2023