The European country of the Republic of Serbia is bordered by Hungary, Romania, Bulgaria, North Macedonia, Croatia, Bosnia and Herzegovina, Montenegro, and Albania. The population of Serbia is approximately 7.13 million people.
In 2022, Serbia’s economy was ranked 82nd in the world in gross domestic product (GDP). The country’s economy is dependent on the export of insulated wire, corn, rubber tires, copper ore, frozen fruits, and nuts.
In 2016, Serbia signed the Paris Climate Agreement. committing to a 9.8% reduction in greenhouse gas emission by 2030 compared to 1990 levels.
Power Generation Capabilities
In 2021, 100 % of the people in Serbia had access to electricity. In 2022, state-owned utility Elektroprivreda Srbije used coal (65.5%), renewable energy (29.5%), and natural gas (5.0%) to generate electricity in Serbia. Hydropower and wind are the dominant types of renewable energy used to generate electricity in Serbia.
Recent renewable energy projects in Serbia include:
- 2,400 MW Pumped Storage Hydropower Project – The Serbian Ministry Of Mining And Energy is continuing work on the Đerdap 3 pumped storage hydropower project at site approximately 50 miles east of the nation’s capital, Belgrade. The project is forecast to be commissioned by year-end 2026.
- 854 MW Wind Project – Serbian company, Fintel Energija is continuing work on the Maestrale Ring wind project which is located approximately 50 miles northwest of Belgrade. The project is forecast to be commissioned by year-end 2025.
- 400 MW Wind Tender – In June 2023, Serbia’s Prime Minister launched a tender for wind projects. The tender receive financial support from the European Bank for Reconstruction and Development (EBRD).
- 50 MW Solar Tender – In June 2023, Serbia’s Prime Minister launched a tender for solar projects. . The tender receive financial support from the European Bank for Reconstruction and Development (EBRD).
- 9 MW Solar Project – In April 2023, the Serbian Ministry Of Mining And Energy commissioned the DeLasol solar project at a site approximately 50 miles northwest of Belgrade.
On 24 February 2022, Russia invaded Ukraine, prompting the European Union, United Kingdom, United States, Canada, Japan, South Korea, Australia, and New Zealand to place economic sanctions on Russian imports and exports. As a result, the crude oil and natural gas prices increased by over 50% from May 2021 to May 2022.
Serbia has significant undeveloped renewable energy resources including wind. biomass, hydropower, and solar. Renewable energy project development is surging in Serbia, ensuring energy security and to limit the impact of costly fossil fuel imports.
Website – “Our Energy Conundrum”
Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio, podcast, and television stations from New York City to Los Angeles on numerous energy related topics.