Serbia Solar Photovoltaic (PV) Power Market Report 2017

  • ID: 4392488
  • Report
  • Region: Serbia
  • 18 pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • ABB
  • BISOL Group
  • Jinko Solar
  • Solaris Energy
  • MORE
Serbia is a sovereign state situated at the crossroads of Central and Southeast Europe, covering the far southern edges of the Pannonian Plain (Vojvodina) (a region Central Europe) and the central Balkans. It shares borders with Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, the Republic of Macedonia, Montenegro, Romania and Albania. It is landlocked, although access to the Adriatic Sea is available through Montenegro, and the Danube River provides shipping access to inland Europe and the Black Sea. Serbia covers a total of 88,361 km2.

The population was 7.06 million and the current gross domestic product (GDP) was $37.75 billion as of 2016. Serbia solar photovoltaic (PV) 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.

Serbia has the average of about 272 sunny days and about 2,300 sunny hours, which is more than the European average. The average intensity of sun radiation in the territory of the Republic of Serbia ranges from 1,1 kWh/m2/day in the north to 1,7 kWh/m2/day in the south – during January, and from 5,9 to 6,6 kWh/m2/day – during July. Annually, the average value of the overall sun radiation for the territory of the Republic of Serbia ranges from 1200 kWh/m2/a year in the northwest Serbia to 1,550 kWh/m2/a year in the southeast Serbia, while in the middle part it is about 1,400 kWh/m2/a year.

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.

Scope:
  • Snapshot of the country’s renewable and solar photovoltaic (PV) power sector across parameters - country overview, current power and solar photovoltaic (PV) 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 solar photovoltaic (PV) power generation capacity of from 2012 to 2017.
  • Statistics for cumulative and annual revenue of solar photovoltaic (PV) power plants from 2012 to 2017.
  • Break-up by power generation technology, including thermal, hydro, renewable (incl. solar PV) and nuclear
  • Data on key issues witnessed in the Serbian solar photovoltaic (PV) sector.
  • Information on future plans and strategies to meet increasing power demand.
Reasons to buy:
  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s solar photovoltaic (PV) 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
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FEATURED COMPANIES

  • ABB
  • BISOL Group
  • Jinko Solar
  • Solaris Energy
  • MORE
1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations
2 EXECUTIVE SUMMARY
3 SERBIA SOLAR PV POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Solar PV 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 Photovoltaic (Solar PV) Capacity and Revenue
3.6 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
6 REFERENCES
7 DISCLAIMER

Chart 1: Solar Resource Map of Serbia
Chart 2 Share of Solar PV 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 Photovoltaic (Solar PV) Power Plants in Serbia (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Serbia (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Serbia (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Serbia (in Millions USD) 2012 ÷ 2017, including forecast
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ABB
Elektroprivreda Serbia (EPS)
BISOL Group
Jinko Solar
Solaris Energy
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