energy capacity

Serbia accelerates renewable energy growth with 22% capacity increase in 2024 and ambitious green budget initiatives

Serbia expanded its energy capacity by 22 percent in 2024, representing a 3.7 percent increase compared to 2023. According to a report by SeeNext, the installed capacity of renewable energy sources reached approximately 3.9 gigawatts in 2024, marking a 36.7 percent growth over the past decade. Serbia aims to increase the share of renewable energy to 45 percent by 2030, as outlined in the country's Integrated National Energy and Climate Plan. Hydropower remains the largest contributor to the energy mix,…