BELGRADE (Serbia), July 9 (SeeNews) - Total onshore wind installed capacity in Serbia will soar from just 20 megawatts (MW) in 2014 to an estimated 542 MW by 2025, global research and consulting firm Global Data said on Thursday.
Serbia is looking to wind as it aims to produce 27% of its energy from renewable sources by 2020, Global Data said in a statement.
Serbia’s nascent onshore wind sector will expand more than fivefold by the end of 2015, when it is expected to have an installed capacity of 122 MW.
Feed-in Tariffs (FiTs), regulated through the 2004 Energy Law and special decrees, are the major support programme for Serbia’s electricity production from renewable energy sources and will help drive growth in the wind sector, Global Data analyst Sneha Susan Elias said.
Following completion of a Power Purchase Agreement with the plant operator, Serbia’s state-owned power utility company, Elektroprivreda Srbije, is legally obliged to purchase the total electricity produced by PPPs at an incentive price.
Technologies eligible for FiTs include hydropower, biogas, biomass, geothermal, solar and wind power.