The Association Renewable Energy Sources of Serbia (RES Serbia) , supported by the EBRD, announces the publication of an investor guide titled “RES Serbia Guidebook for Investors in Renewables in Serbia”. This guide was developed with technical support from the European Bank for Reconstruction and Development (EBRD).
The guide is aimed at investors in renewable energy projects, with the goal of providing insights into currently available information, focusing on Serbian legislation, environmental protection, permitting processes, funding sources, and incentive systems.
The authors of the guide are Dr. Nenad Jovanović, a senior consultant for energy modeling at Mott MacDonald, and Predrag Vidaković, founder of the Vidaković law office.
During the finalization of this guide, out of four wind farm projects that were successful in auctions, two have commenced construction, and one has signed a financing agreement, while all solar auction winners have completed their projects and commenced operations. Including currently operational power plants, it appears that achieving a threshold of 1 GW in the near future is feasible.
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In addition to a general overview of regulations in the Republic of Serbia, the guide comprises the following eight sections:
- General overview of wind and solar projects
- Business model, with a focus on finances
- Development, projects in all stages
- Construction
- Operational work
- List of laws and secondary legislation
- List of institutional stakeholders and their roles
- Overview of taxation in Serbia
The Association Renewable Energy Sources of Serbia expresses gratitude to the EBRD for its support in creating this roadmap which should help new investors understand the complexity of developing renewable energy projects in Serbia, aiding them in understanding regulations and procedures, and the need to consider market opportunities, investment environment, and the complete regulatory framework.
Source: RES Serbia
