The procurement exercise will be the country’s second attempt to support large-scale solar and wind. The first 88 MW auction launched last year saw the allocation of just 25.5 MW. Solar secured 13.4 MW at an average price of $0.093/kWh. Selected PV projects range in size from 50 to 500 kW.
The authorities plan to assign 2.26 GW of renewable energy capacity overall under the scheme, which will include other energy sources such as hydropower, wind, biomass, biogas, and geothermal energy. The government will provide projects it selects with a feed-in price premium, which will be paid for the power generated by the projects, on top of spot market prices.
After issuing its first call for renewable energy projects in February, power company HEP has now announced it will invest $23 million annually in solar until 2023, to add new capacity additions of 20 MW per year. The 350 MW plan is expected to be complete in 2030.
Interested developers of large-scale PV plants, with more than 2 MW capacity, have until the end of the year to send proposals. The expression of interest is for projects to be developed with the utility or to be sold to it.
With Republika Srpska, one of the two entities of Bosnia and Herzegovina, announcing a tender to build a 65 MW solar PV plant; Croatia planning a 6.5 MW solar PV installation, to be built on the Island of Cres; and Macedonia welcoming its first solar panel manufacturing plant, capable of producing 20 MW annually – it has been a busy period for the small solar markets in the Balkans.
The smart grid project is expected to boost to the use of renewable energy in the region, and to enable smaller power producers participate in the market.
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