How will solar projects be supported in Serbia?

The projects will be supported through contracts for difference for 15 years. The Serbian government has allocated a quota of 50 MW for its first solar auction. Solar plants with capacity of more than 500 kW will be allowed to participate in the competitive tendering process, with the ceiling price set at €90 ($96.10)/MWh.

Will Serbia develop a solar power plant?

The Serbian government is seeking a strategic partner to develop at least five PV plants with a cumulative capacity of 1 GW/1.2 GWh and at least 200 MW/400 MWh of battery energy storage. State power company Elektroprivreda Srbije (EPS) will own and operate the assets.

How has global solar PV manufacturing capacity changed over the last decade?

Global solar PV manufacturing capacity has increasingly moved from Europe, Japan and the United States to China over the last decade. China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV value chain since 2011.

How much do solar panels and biofuels increase in exports?

Exports of solar panels rose by 19 % in value and by 37% in quantity. Similarly, exports of liquid biofuels showed a higher increase in quantity compared with value (+63 % vs +36 %). Source dataset: Eurostat extraction

How did imports affect the value of solar panels compared to 2022?

The value of imported solar panels decreased by 12% compared with 2022 due to a drop in prices, while the quantity increased by 5%. Liquid biofuel imports recorded a 22% drop in value, with a modest 2% decline in quantity.

What are China's solar PV exports?

In 2021, the value of China’s solar PV exports was over USD 30 billion, almost 7% of China’s trade surplus over the last five years. In addition, Chinese investments in Malaysia and Viet Nam also made these countries major exporters of PV products, accounting for around 10% and 5% respectively of their trade surpluses since 2017.