1. Opportunities for renewable energy investments in Serbia
April 12, 2017
Nikola Ćatović, Consultant at MACS
MACS Energy & Water doo
Dubljanska 18
Tel
Internet:

2. About MACS
MACS Energy & Water is an independent international consulting company, working in the field of Infrastructure Finance for Water and Sanitation as well as Energy Efficiency (EE) and Renewable Energy (RE)
The efficient use and alternative sources of energy as well as the increasing severity of water risks are progressively becoming a major concern for people and governments from all over the world. Our vision of sustainability is guided by the efficient use of these two essential resources – Water and Energy

3. About MACS MACS GmbH Frankfurt MACS Belgrade, Serbia MACS do Brasil
MACS Caucasus Georgia - Project Office
MACS Montenegro - Project Office

4. About MACS Support to financial institutions in RE projects evaluation
Technical Due Diligence
Project implementation monitoring
Energy Auditing
Support to investors in project development

5. Renewable energy resources
Inexhaustible energy resources
Polution and GHG emission reduction
Electricity supply independence
Available supporting policy mechanisms for investors

6. Energy sector: Serbia

7. Renewable energy: Serbia
Requirement for 2020: RES to keep 27% share in electricity demand (big + small scale)
Electricity supply security
Reduce dependence from fossil fuels
Establishing a sustainable power system
Environmental impact mitigation

8. Renewable energy: Serbia
Source
[GWh]
[%]
Total electricity generation (EPS + independent)
35,888
100.00%
Electricity from incentivized producers
227
0.63%

9. Development of Regulatory Framework
Energy Law (2004, 2011, 2014)
RE directives/by-laws, (2009, 2012, 2016)
Subsidy scheme for feed-in tariffs
Standardized Bankable PPA
(2009, 2012, 2016)
Financing mechanism in place
2004
2006
2009
2011
2012
2016
2017

10. Three gears that make an RE project work
Institutions: Supportive Regulatory framework
Banks: Appropriate financial mechanisms
Developers: Professional project preparation

11. Technology: Photovoltaic

12. Technology: Photovoltaic
121 project of total 10, kW
Cap approved under the feed-in tariff scheme: 10MW
Registered generation in 2015: 10,563, kW
Share of electricity demand in 2015: 0.03%
Type of installation
Installed power P [MW]
Feed in tariff [c€/kWh]
MAX effective working time in incentive year [h]
roof top installations
up to 0.03 *P
1400 *P
on ground
all 9

13. Technology: Photovoltaic
Installed power: 2 MW
Year of implementataion: 2013
Subsidy price 0.23 EUR/kWh
Total investment EUR 3.4 million
Annual revenues of electricity sale: cca.400,000 EUR

14. Technology: Photovoltaic
Installed power: 50kW
Year of implementation: 2015
Subsidy price EUR/kWh
Total investment EUR 72,550
Annual revenues of electricity sale: cca.12,200 EUR

15. Technology: Wind power

16. MAX effective working time [h] in incentive year
Technology: Wind power
2 projects of total 16.5 MW
500 MW “quota”
Total registered generation in 2015: 416,641 kWh
Share of electricity demand in 2015: 0.001%
Price [c€/kWh]
MAX effective working time [h] in incentive year
9.2
3000

17. Technology: Wind power
Installed power: 6.6 MW,
Year of implementation: 2016
Subsidy price EUR/kWh
Total investment EUR 10 million
Payback period 11 years, P90 scenario
Annual revenues of electricity sale: cca. EUR 1.7 million

18. Technology: Biomass & Biogas

19. Technology: Biomass & Biogas
11 projects of total 12,967 kWe
Total registered generation in 2015: 21,983,915 kWh
Share of electricity demand in 2015: 0.07%
Most significant RES potential : million toe
Timber 1.53 million toe – central Serbia
Agri-biomass 1.67 million toe –Vojvodina
Waste (animal origin, edible oils, primary biodegradable) million toe

20. Technology: Biomass & Biogas
Installed power: 0.99 MWe, 1.2MWt
Year of implementation: 2017
Subsidy price EUR/kWh
Total investment EUR 4 million
Payback period 7 years
Annual revenues of electricity sale: EUR 1.4 million
Annual operation costs: EUR 850,000

21. Technology: Hydropower

22. SHPP in Serbia: Distribution of projects by year

23. SHPP in Serbia: Distribution by installed capacity

24. Technology: Hydropower
71 SHPP projects of total 47 MW
Total registered generation of SHPP in 2015: 147,970,507 kWh
SHPP share of electricity demand in 2015: 0.47%

25. Technology: Hydropower
Installed power: 160kW
Year of implementation: 2016
Subsidy price EUR/kWh
Total investment EUR 600,000
Payback period years
Annual revenues of electricity sale: cca. EUR 70,000

26. Technology: Hydropower
Installed power: 1,500kW
Year of implementation: 2016
Subsidy price EUR/kWh
Total investment EUR 3,200,000
Payback period 10 years
Annual revenues of electricity sale: cca. EUR 420,000

27. Opportunities for DSW members
Technology and equipment providers
Legal advisory for foreign and domestic investors
Project development
Works execution
Opportunities for new investments in the RE sector

28. Thank you for your attention!
April 12, 2017
Nikola Ćatović, Consultant at MACS
MACS Energy & Water doo
Dubljanska 18
Tel
Internet: