Guides for Investors in Renewable Energy in Serbia
The National Renewable Energy Action Plan and Guides for Investors interested in renewable energy sources in Serbia were presented in Serbian Chamber of Commerce. The presentation was attended by Mrs. Zorana Mihajlovic, Minister of Energy, Development and Environmental Protection in Serbia, Mr. Laurent Louis Stokvis, Ambassador of the Netherlands, Mr. Juerg Staudenmann, UNDP Deputy Resident Representative in Serbia and Mr. Milos Bugarin, President of the Serbian Chamber of Commerce, along with representatives of companies, banks and financial institutions, potential and current investors in the renewable energy sector, and other public and private stakeholders in the sector.
The objective of this conference was to discuss what additional steps need to be taken in order to achieve national renewable energy target and determine which barriers need to be removed to create a more attractive environment for renewable energy investors in Serbia.
Following key note speeches, the National Renewable Energy Action Plan and Guides for Investors were presented to the participants by technical experts.
On the basis of the Agreement for the provision of support services with the Ministry of Energy, Development and Environmental Protection, under the auspices of the “Policy Advice on Renewable Energy Sources” project, UNDP Serbia focused on promoting investments in the renewable energy sector by updating and revising four existing, albeit outdated, Guides for Investors in renewable energy facilities and by elaborating two new Guides in 2012:
- CONSTRUCTION OF PLANTS AND ELECTRICITY/HEAT GENERATION FROM BIOMASS IN THE REPUBLIC OF SERBIA
- CONSTRUCTION OF PLANTS AND ELECTRICITY GENERATION IN SMALL HYDROPOWER PLANTS IN THE REPUBLIC OF SERBIA
- CONSTRUCTION OF PLANTS AND ELECTRICITY GENERATION IN WIND POWER PLANTS IN THE REPUBLIC OF SERBIA
- CONSTRUCTION OF PLANTS AND ELECTRICITY/HEAT GENERATION FROM HYDRO-GEOTHERMAL SOURCES IN THE REPUBLIC OF SERBIA
- CONSTRUCTION OF PLANTS AND ELECTRICITY GENERATION IN SOLAR POWER PLANTS IN THE REPUBLIC OF SERBIA
- CONSTRUCTION OF THE SOLAR HEATING SYSTEMS IN THE REPUBLIC OF SERBIA
Each of the six guides is available as a detailed, bilingual document which describes administrative procedures and identifies relevant institutions and necessary planning and design documents needed for investors. The detailed guides are intended primarily for investors and project developers, but also for officials in different competent institutions, being that the legal procedure is typically cross-sectoral. In addition to the aforementioned detailed documents five roadmaps were produced to navigate the legislative and regulatory framework and to ease the procedure for a wide range of stakeholders.
Over the next five to seven years, Serbia has the potential to attract at least 2 billion Euros in renewable energy facilities investment.