When Elektroprivreda Srbije announced that it would offtake electricity from the Alibunar 1 and Alibunar 2 wind parks — a combined 168 megawatts of new renewable capacity — the statement appeared modest, almost procedural. Serbia has been adding wind capacity for nearly a decade, and private developers have taken the lead in most recent projects. […]
For years, Naftna industrija Srbije (NIS) occupied a unique position in Serbia’s economy. It was not merely the country’s dominant oil and gas company; it was a symbol of operational continuity, consistent profitability and strategic relevance. Its earnings supported the state budget, underpinned public finances and served as a buffer in times of economic uncertainty.
Serbia’s long-term energy vision is increasingly shaped by the pressures of decarbonization, European integration, regional competition and the emerging economics of renewable power. Yet the country is confronting a reality that many policymakers hesitate to state openly: a rapid phase-out of coal is not realistically achievable under current system conditions. This sentiment, echoed by energy experts
Serbia closed the previous year with one of the most striking statistics in its recent energy history: 48 percent of all electricity generated came from renewable sources, according to government data. At first glance, the figure appears to position Serbia among Europe’s more advanced energy-transition performers, surpassing several EU members in renewable penetration. With hydropower providing
Serbia is heading into what could be one of its most challenging hydrological years in decades. Elektroprivreda Srbije (EPS), the country’s state-owned energy giant, forecasts that hydropower output in 2025 may fall by as much as 25 percent compared with the previous year. The projected annual production of around 8,000 GWh is not merely a
Serbia: ADNOC emerges as leading bidder for sanctioned Russian stake in NIS Read More »
Abu Dhabi National Oil Company (ADNOC) has reportedly emerged as the leading contender to acquire the 56.15 % stake held by Russian companies in Serbian oil company NIS, which is currently under US sanctions. Although ADNOC is viewed as the frontrunner to take over Serbia’s only refinery, NIS continues discussions with other potential buyers, including
Every renewable market evolves through phases. The first is exploration, where early developers identify sites and navigate uncertain regulatory environments. The second is construction, marked by EPC competition, land acquisition, and turbine supply races. The third is operational optimization, where O&M strategies, availability guarantees, and energy trading determine project success. But the fourth phase—the one
Serbia breaks fuel import records in 2025 amid logistical challenges Read More »
Serbia has significantly increased fuel imports in 2025, bringing in more petrol during the first eight months of the year than in all of 2023 and 2024 combined, while diesel imports have also risen sharply. Tomislav Micović, Secretary General of the Association of Oil Companies of Serbia, said the country still has the capacity to
The landscape of renewable finance in Southeast Europe has undergone a profound transformation. A decade ago, lenders viewed the region with a degree of caution, shaped by fluctuating regulatory frameworks, limited track records, and the perceived fragility of local institutions. Today, that caution is rapidly giving way to renewed engagement. International banks, development finance institutions,
For years, the Iberian Peninsula defined what a wind powerhouse looked like inside Europe: strong resource, open land, grid-ready corridors, competitive auctions, and the steady inflow of international capital. Investors seeking scale, yield, and policy clarity migrated naturally towards Spain and Portugal, understanding that the convergence of wind conditions and regulatory modernization made Iberia the
