In the second round of auctions for renewable energy market premiums, launched by the Ministry of Mining and Energy in November 2024, investors submitted applications for 41 projects, exceeding the available quota of 424.8 MW for wind and solar power plants. A total of 645 MW received incentives, signaling strong interest and competition in the sector.
For wind power, seven applications were submitted, with five projects securing quotas. The largest allocation went to Crni Vrh Power for the Crni Vrh wind farm, which was awarded a 91.5 MW quota. WindVision Windfarm A and WindVision Windfarm B secured quotas for their Alibunar 1 (67.62 MW) and Alibunar 2 (49.98 MW) projects, respectively. Matrix Power received a 56 MW allocation for the Bela Anta 2 wind farm, and Jasikovo was granted a 34.9 MW quota for its namesake project.
In the solar sector, 34 projects were submitted, with five securing quotas. The highest allocation was awarded to Solarina for its 105 MW Solarina project. Other recipients included Kobra Global, which received 7.5 MW for the Kobra solar plant; Brankov Solar, with 5.6 MW for the B2 Sunspot 2 project; Mona Green Energy, which was granted 5 MW for the Kucevo 2 solar plant; and Vemi Biogas, with 1.7 MW for the Vemi Sun 2 project.
With the entire quota now allocated, the construction of 10 new wind and solar power plants will add 645 MW of new renewable energy capacity. The auctioned prices were highly competitive, set at 50.9 euros/MWh for solar and 53.5 euros/MWh for wind—both significantly lower than market rates. Under the incentive model, these projects are expected to return excess profits to the state when market prices exceed the auctioned rates, minimizing the need for subsidies. The Ministry of Energy and Mining confirmed that the total investment in these projects will amount to 782 million euros, highlighting the significant financial commitment to expanding renewable energy capacity in Serbia.
