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It currently has a total capacity of approximately 3490 megawatts (MW) of renewables, with 2342 MW in hydropower in 2019 according to the European Energy Community. Serbia announced plans to install new hydropower plants and two existing dams, and to rehabilitate a further 15 existing power plants totaling around 30 MW with EBRD financing.
As a first step, in August 2023, the Serbian Government published a public call for a strategic partner to develop a 1 gigawatt (GW) solar PV power plant, together with a minimum of 200 MW of storage. The government also announced that it will publish a similar call for the development of a 1 GW wind power plant by the end of this year.
The Ministry of Mining and Energy has announced a €15 billion investment plan for the electricity sector in next several years, expecting to reach more than 3 GW of renewable energy production plants. The main players and investors in the Serbian Energy Sector are:
Serbia heavily subsidizes coal and electricity prices, inhibiting competition. Recently, the Serbian government and EPS have announced ambitious plans to transition to green energy solutions and reduce Serbia's dependence on Russian natural gas.
The Energy Base platform is designed to deliver gigawatts of long-duration energy storage in harmony with the new energy landscape. The Energy Base's chemistry – mostly iron, salt and water – makes this solution one of the easiest to deploy and maintain. Fast and easy permitting.
Energy Base projects can be customized to minimize visual impact and deliver up to 300 MWh/acre energy density. The Energy Base platform is designed to deliver gigawatts of long-duration energy storage in harmony with the new energy landscape.
ESS has worked closely with leading engineering firms to develop standard, cost-effective design parameters that enable deployment of gigawatt-scale storage. Energy Base projects can be customized to minimize visual impact and deliver up to 300 MWh/acre energy density.
Each Energy Base project leverages ESS' proven core technologies to deliver the power, energy and layout customers need. Its modular architecture and the inherent safety of ESS iron flow technology enable compliance with safety regulations and community guidelines, providing peace of mind for all stakeholders involved.
Download detailed product specifications, case studies, and technical data for our off-grid PV containers and mobile energy storage solutions.
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