Serbia, EBRD sign MoU to cooperate in energy transition, green energy

Source: Serbian Energy Ministry

BELGRADE (Serbia), March 22 (SeeNews) – Serbia's energy ministry said it has signed a memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) for cooperation in the fields of energy transition and green energy.‚Äč

The MoU will provide a framework for cooperation with the aim of improving air quality, promoting the use of renewable energy sources and increasing energy efficiency in Serbia, the energy ministry said in a statement on Friday.

"There is a lot of room for continued successful cooperation with the EBRD, especially if we are talking about the construction of medium and large-sized hydropower plants, renewable energy sources - solar panels, biomass, wind farms. The energy transition and green energy are our priority," energy minister Zorana Mihajlovic said.

The Serbian government is preparing a national plan for energy and climate and the energy ministry will start drafting an Energy Development Strategy with projected strategic goals for the next 20 years, she added.

"Renewable energy sources and clean energy are also our key strategic goals. You have made tremendous progress in a short time. The new laws will lead directly to new investments and we are here to support you. Serbia is an example of good practice and is taking a leading position in renewable energy sources, we can learn from you," EBRD president Odile Renaud-Basso said.

The EBRD invested a total of 679 million euro ($809 million) in Serbia in 2020. The bank provided 450 million euro in support to the private sector and small businesses through credit lines, in partnership with commercial banks, reaching hundreds of small businesses.

($ = 0.8389 euro)

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