Average wind solar storage price per 100kW in Serbia

Serbia has allocated 645 MW across 10 wind and solar projects in its second renewables auction, setting average prices at €0.0509 ($0.0533)/kWh for solar and €0.0535/kWh for wind. The government said the rates are well below market levels.
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The winning bids offered prices as low as EUR 50.9 (USD 53.28) per MWh for solar and EUR 53.5/MWh for wind, which are below current market levels and below those achieved in Serbia''s first renewable energy

6 FAQs about [Average wind solar storage price per 100kW in Serbia]

How much does a wind farm cost in Serbia?

The auction attracted seven applications for wind farm projects and 34 solar projects. The winning bids offered prices as low as EUR 50.9 (USD 53.28) per MWh for solar and EUR 53.5/MWh for wind, which are below current market levels and below those achieved in Serbia’s first renewable energy auction in August 2023.

How will solar projects be supported in Serbia?

The projects will be supported through contracts for difference for 15 years. The Serbian government has allocated a quota of 50 MW for its first solar auction. Solar plants with capacity of more than 500 kW will be allowed to participate in the competitive tendering process, with the ceiling price set at €90 ($96.10)/MWh.

Will Serbia develop a solar power plant?

The Serbian government is seeking a strategic partner to develop at least five PV plants with a cumulative capacity of 1 GW/1.2 GWh and at least 200 MW/400 MWh of battery energy storage. State power company Elektroprivreda Srbije (EPS) will own and operate the assets.

How much money will wind & solar projects bring?

These projects -- five wind and five solar -- are expected to bring in EUR 782 million (USD 818.5m) in investments, according to the ministry. The auction attracted seven applications for wind farm projects and 34 solar projects.

How much does a solar plant cost?

Solar plants with capacity of more than 500 kW will be allowed to participate in the competitive tendering process, with the ceiling price set at €90 ($96.10)/MWh. Research outfit Rethink Energy says the green hydrogen market could reach $850 billion in value by 2050.

How many MW of wind & solar quota will be absorbed?

The initially offered quota of 300 MW for wind and 124.8 MW for solar projects was fully absorbed, with the total capacity of all proposed plants combined reaching 645 MW, the ministry said. These projects -- five wind and five solar -- are expected to bring in EUR 782 million (USD 818.5m) in investments, according to the ministry.

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