Total onshore wind installed capacity in Serbia will rise from 102.5 Megawatts (MW) in 2015 to an estimated 522 MW by 2025
Serbia is looking to wind as it aims for 27% of its energy mix to come from renewable sources by 2020, says GlobalData.
The company’s latest whitepaper* states that while this increase will occur at an impressive Compound Annual Growth Rate (CAGR) of 48%, Serbia will reach approximately 250 MW of onshore installed capacity by 2020: only half of its 500 MW capacity cap for wind energy by that year.
The most interesting part of the press release provided was this paragraph below. Many detractors say wind is expensive power. Well here’s what they say!
Elias continues: “As wind is the cheapest form of renewable energy, apart from mini hydro, Serbia is seeking to take advantage of this power source as it bids to become part of the European Union and achieve a target of 27% of its energy mix coming from renewable sources by 2020