Energy vault North Macedonia

What type of electricity does North Macedonia use?

North Macedonia relies predominantly on fossil fuels (low-grade lignite and gas) and hydropower, and is dependent on electricity imports. The total generation of electricity in 2022 was 5,634 GWh, and another 1,471 GWh was imported to satisfy the total domestic electricity demand.

Does Macedonia have a wind farm?

North Macedonia has a 36.8 MW wind farm at Bogdanci and has received EU and KfW financing to expand it. It was the first country in the Western Balkan region to put into operation a sizeable wind facility. Its second wind farm, the 36-MW Bogoslovec, only started operating in mid-2023.

What is North Macedonia's just energy transition investment platform?

North Macedonia today launched a just energy transition investment platform to guide its far-reaching plans for a low-carbon and just transition of the electricity sector.

Is North Macedonia a biodiversity hotspot?

However, despite its small land area, North Macedonia also stands out as a biodiversity hotspot, housing a significant portion of Europe’s biodiversity. This includes 64% of the continent's bird species and 34% of mammal species—all on an area smaller than 0.3% of the European subcontinent.

Is North Macedonia a good candidate for smart sitting?

Seeing the country’s forward-thinking approach to renewables and natural beauty, The Nature Conservancy (TNC) identified North Macedonia as a prime candidate for the implementation of the smart siting approach currently being undertaken in Croatia and Serbia as well.

How will the green economy transition impact North Macedonia?

The green economy transition will bring net economic benefits, supporting North Macedonia in entering green value chains and increasing the competitiveness of its economy. However, coal-reliant regions may be impacted unevenly.