Final preparations for new round of RES auctions, state sets quotas and prices – Investors have 300 MW for wind farms and 124.8 MW for solar power plants available

The Government of Serbia has proscribed the quotas in the system of market premiums for solar power plants and wind farms. The quota for wind farms with an approved power of 3 MW and more amounts to 300 MW, whereas the quota for solar power plants with an approved power of 500 kW and more amounts to 124.8 MW.

The maximum auction price for wind farms at other auctions for market premiums, whose opening is expected soon, is EUR 79 per MWh, whereas for solar power plants it is EUR 72, according to the decision adopted at today’s session of the government.

That is considerably less than the maximum offered price at last year’s auctions of EUR 105 per MWh for wind and EUR 90 for solar, announced the Association Renewable Energy Sources (RES) Serbia.

The second auctions for the allocation of market premiums for renewable energy sources in Serbia should, according to earlier announcements, be opened this month.

Rade Mrdak, the special adviser to the minister at the Ministry of Mining and Energy of Serbia, announced at the RES SERBIA 2024 Conference the introduction of a new criterion, by which, in addition to the offered price, the part of the capacities that the investor has intended for the supply of end-users is valued as well. That capacity can be offered to the guaranteed supplier, EPS, or some end-purchaser through a PPA (power purchase agreement), a corporate agreement on the purchase of electrical energy.

As Mrdak explains, with this criterion, the ministry wants to award the investors that are ready to help the end-purchasers.

We will, however, not learn who the winners of the auctions are before next year, because the plan is to give a slightly longer deadline period for investors to submit their bids and to publish the list after the New Year’s holidays.

At last year’s auctions, where a total of 450 MW was available, 16 investors applied with a total power plant capacity of 816.48 MW, of which 602.8 MW was offered for the filling out of the quota, whereas the estimated value of the investments of all power plants amounted to EUR 1.26 billion, the Ministry of Mining and Energy announced at the time.

I. Z.

Vlada Republike Srbije

Ministarstvo rudarstva i energetike Republike Srbije

Obnovljivi izvori energije Srbije

Vetrozelena doo Beograd

Čibuk 2 Wind energy doo

Enlight K2-Wind doo Novi Beograd

Crni vrh power doo Žagubica

Novo Selo Power doo Beograd

Hiperion Sol doo Beograd

Terra solar doo Beograd

Government of Serbia

Ministry of Mining and Energy

Association Renewable Energy Sources of Serbia

RES Serbia

Rade Mrdak

system of market premiums for solar power plants and wind farms

RES auctions

auctions for allocation of market premiums for RES

solar energy

wind farms

solar power plants

market premium

allocation of market premiums