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Breaking News: Serbia Initiates Auctions for Awarding Market Premium for Solar and Wind

Breaking News: Serbia Initiates Auctions for Awarding Market Premium for Solar and Wind

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The Ministry of Mining and Energy of the Republic of Serbia published the public call for auctions for awarding of market premiums (in the form of CfD) for wind and solar projects earlier today (Wednesday, 14 June 2023).

As per an earlier announcement, the total quota for premiums amounts to 400MW for wind power plants and 50MW for solar power plants. The maximum price is set at 105 EUR/MWh for wind and 90 EUR/MWh for solar power plants. The fixed percentage for balancing that will be payable by the winning projects to EPS is set at 5.81% of the maximum price for wind and 2.65% for solar power plants. The bidders should also take into account the obligation to secure a deposit for land restoration following the end of the life cycle of the plant.

The auctions are organized digitally and conducted through the oieaukcije.mre.gov.rs website, where instructions and the public call for applying to auctions are also published. Applications are submitted through the above-stated website for a period of 60 days as of today, i.e. until 14 August 2023.

Good luck!

By Petar Mitrovic, Partner and Katarina Bosnjaković, Junior Associate, Karanovic & Partners

Karanovic & Partners at a Glance

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.

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