- 41 project proposals submitted by investors
- Supported wind and solar projects to deliver up to 645 MW of capacity
- Auction follows the successful 2023 round, also backed by the EBRD
Of the submissions, seven proposals were for wind farms and 34 for solar power plants. The auction secured highly competitive pricing, with bids as low as €50.9 per megawatt-hour (MWh) for solar energy and €53.6 per MWh for wind energy.
Matteo Colangeli, EBRD Regional Director for the Western Balkans, stated: “We are pleased to have supported the Ministry of Mining and Energy in designing and implementing these auctions, following our successful collaboration in 2023. The strong investor interest and competitive prices highlight Serbia’s progress in establishing a market-driven system that continues to scale up renewable energy capacity, attract investments, and enhance energy security.”
Dubravka Đedović Handanović, Serbia’s Minister of Mining and Energy, described the auction as a major success. “The second round of auctions exceeded expectations in both capacity and pricing. The affordable renewable energy generated will benefit our economy and citizens. Under our incentive model, we anticipate no need for subsidies, with excess profits expected to be returned to the state as long as market prices remain above those secured by auction winners.”
The EBRD currently supports renewable energy auctions in 16 countries, which have delivered more than 8,100 MW of capacity across eight nations. In Serbia alone, the Bank has invested over €9.8 billion through 372 projects, focusing on private sector competitiveness, green economy transition, and sustainable infrastructure.
