Serbia axiom energy

Why should Serbia reach the 1 GW milestone?

Reaching the 1 GW milestone brings Serbia closer to international sustainability targets and enhances its reputation in the renewable energy sector. This pioneering solar project represents a key moment in Serbia’s renewable energy journey.

Who is Axiom Energy International?

Axiom Energy International is a full-service development company dedicated to the implementation of projects that promote sustainability and resources conservation.

Does Serbia have a green energy strategy?

This groundbreaking project, led by the Hyundai Engineering and UGT Renewables consortium, marks a significant shift in Serbia’s energy strategy. Serbia aims to boost green energy, reduce fossil fuel reliance, and stabilize its energy grid through this ambitious initiative.

What type of energy is used in Serbia?

Energy in Serbia is dominated by fossil fuels, despite the public preference for renewable energy. Serbia's Total Energy Supply is almost 700 PJ, with the energy mix in 2021 comprising coal (45%), oil (24%), gas (15%), and renewables (16%).

Why does Serbia need a solar grid?

By creating a network of self-balancing solar plants, Serbia strengthens its energy security, attracts green investments, and aligns with global environmental standards. An interconnected grid also allows Serbia to better distribute energy, meeting future demands while maintaining grid stability.

How much power does Serbia have?

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.