The population was 7.06 million and the current gross domestic product (GDP) was $37.75 billion as of 2016. Serbia wind power market value, which was USD XXX billion in 2016, is expected to grow to USD XXX billion in 2017, at a CAGR of XXX percent. Electricity production in Serbia relies over 70 per cent on coal, while the remaining approximately 30 per cent is produced in large hydropower plants. Although the country has produced oil and gas in small quantities since the mid-50s of the past century, it is heavily reliant on imports, mostly from Russia. The electricity market in Serbia is dominated by the national power utility EPS (Elektroprivreda Srbije – Power Industry of Serbia), which owns all large generation capacities and supplies all the consumers in the residential and commercial sectors, and most eligible consumers - these are industrial facilities with high electricity consumption which have the freedom of choosing their supplier because they are directly connected to the transmission system.
With current technology levels in Serbia total capacities of wind power generators, which could be implemented in electro-energy system in Serbia, is about 1,300MW of installed power, which is approximately 15% of total energy capacity of Serbia. These capacities could potentially produce about 2.3 TWh of electric energy annually. Areas of major wind power potential in Serbia, identified by the survey, are Jastrebac, Stara planina, Kopaonik, Juhor, Suva planina, Tupižnica, Krepoljina, Ozren, Vlasina, as well as territory of city of Vršac.2 Especially interesting for foreign investors is Vojvodina with almost two thirds of it has wind speed that exceeds 4 m/s, and the needed constant level of 5 m/s could be found in several locations: Vršac (as leading with 6.27) m/s, Bela Crkva, Inđija, Irig, kikinda, Sombor, Novi Sad and Sremska Mitrovica.
The Energy Strategy of the Republic of sets out objectives to be met and areas of special interest or intervention until 2025, with projections until 2030. The National Action Plan for Using Renewable Energy Sources of the Republic of Serbia sets out objectives regarding RES use for the period until 2020. The applicable Serbian promotion scheme consists of the state-owned company (EPS Snabdevanje d.o.o., “EPS Snabdevanje”) entering into a twelve (12) year power purchase agreement with RES-Electricity generators, pursuant to which EPS Snabdevanje purchases electricity from the generators at incentivised feed-in tariffs, which are guaranteed during the term of the PPA.
The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, coal sources, and connecting to the European power infrastructure.
- Snapshot of the country’s renewable and wind power sector across parameters - country overview, current power and wind power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
- Statistics for cumulative and annual installed wind power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of wind power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable (incl. wind) and nuclear
- Data on key issues witnessed in the Serbian wind power sector.
- Information on future plans and strategies to meet increasing power demand.
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s wind power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development opportunities
1.1 Research Methodology
2 EXECUTIVE SUMMARY
3 SERBIA WIND POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Wind Power Market in Serbia
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Wind Power Capacity and Revenue
3.6 Annual Installed Wind Power Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
Chart 1: Wind Resource Map of Serbia
Chart 2: Share of Wind Power from Total Installed Power Generation Capacity in Serbia in 2016
Chart 3: Serbia Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 4: Serbia Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 5: Structure of Electricity Power Market in Serbia
Chart 6: Cumulative (CAGR) Installed Capacity of Wind Power Plants in Serbia (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Wind Power Plants in Serbia (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Wind Power Plants in Serbia (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Wind Power Plants in Serbia (in Millions USD) 2012 ÷ 2017, including forecast