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Renewable Energy in Southeast Europe | 2024 edition

SEE countries move at varied speeds in grid modernisation and energy storage – SeeNext

As Southeast Europe (SEE) navigates toward sustainable development and greater energy security, the significance of the renewable energy sector is ever-growing. The region has made breakthrough progress in greening the power supply in recent years with unprecedented growth in installed capacity, but it is now tasked with the next challenge – how to balance supply and demand, and how to advance the installation of new capacities but also guarantee the stability of grid infrastructure when these capacities come.

Energy storage solutions and grid modernisation are the two main components in tackling such challenges. While Bulgaria, Croatia, Greece, Romania, Serbia, and Slovenia seem to have recognised that this is the next stage in the transition to a net-zero economy, they diverge in their ambition regarding the deployment of energy storage solutions and grid infrastructure upgrades.

This is the main focus of the 2024 edition of Renewable Energy Industry in Southeast Europe – a regional report by SeeNext. It includes an in-depth analysis of the progress made by each of the countries toward the integration of energy storage solutions and modernisation of the grid, an overview of recently installed new capacities, a rundown of significant investments, and a regulatory update.

Some of the highlights:

  • While all countries in the report currently cover the EU’s 2030 target for 15% interconnection compared to installed power, the expected flurry of capacity additions necessitates new projects to avoid clogs. Individual country plans in that regard seem encouraging, but there are significant discrepancies at the regional level.

  • The majority of the SEE countries already have experience with energy storage through pumped storage hydropower facilities, and there are plans for the construction of more, supported by the region’s abundant water resources. However, while plans for the integration of battery storage do not lack ambition, there are no clear commitments and timeframes for the actual installation of significant capacities.

  • At the same time, most countries have already introduced subsidies and incentives for the installation of energy storage solutions, spurring interest in their deployment across all segments. 

Topics:
Capacity Capital Funding Corporate Strategy Government Policy/Regulation Market share
Countries:
Bulgaria Croatia Greece Romania Serbia Slovenia
Industries:
Biomass/Biogas Electricity generation Energy storage Energy/Utilities Grid modernisation Hydrogen Onshore wind Power & gas distribution Renewable Energy Solar Turbines/Power equipment

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