SERBIA S TOP TEN ENERGY STORAGE COMPANIES
Collectively, the top 10 Global Energy Storage System (ESS) Owners had a rated power of 4,075,932kW, where NextEra Energy Inc (736,150 kW) had the highest rated power followed
Serbia's national power utility Electric Power of Serbia (EPS) produces nearly 70 percent of the country's electricity from coal and nearly 27% percent from hydropower, with approximately 4% coming from private developers in wind and solar energy. Serbia heavily subsidizes coal and electricity prices, inhibiting competition.
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.
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.
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