Renewable

BELGRADE (Serbia), May 14 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) is inviting expressions of interest for consultancy services for the implementation of renewable energy auctions in Serbia, it said.

The assignment is expected to start in July 2020 and has an estimated overall duration of 24 months, its cost is estimated at 1.3 million euro and the deadline for the submission of expressions of interest is June 8, the bank said in a notice published on its website.

EBRD intends to engage a consultant to provide support to the Serbian authorities in preparing and implementing renewable energy auctions, and to advise on how to improve the efficiency of the balancing costs arrangements for renewable energy in the country, the bank said.

Serbian authorities are currently considering transitioning to a mechanism whereby renewable energy projects are selected, and the level of support received by them is determined, on the basis of auctions. This transition ties-in with requirements to transpose EU acquis under the Energy Community Treaty.

Since 2009, Serbian authorities have promoted investment in renewable energy projects through administratively set Feed-in Tariffs (FiT), the EBRD noted.