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7.5 Energy & Power - Kosovo
In March 2023, the government adopted its new 2022-2031 energy strategy, under which it aims to increase the share of electricity derived from renewable resources to 35% by 2031, up from 6.3% currently.
Kosovo relies mostly on coal-fired power plants, but is working to diversify its generation portfolio with renewable energy sources.
Kosovo's Minister of Economy Artane Rizvanolli in October highlighted the positive impact of the new draft law on the promotion of the use of renewable energy sources on the private sector.
The Law on Renewable Energy Sources represents a significant step forward for Kosovo's energy sector, providing a framework to promote sustainability, enhance competition and attract private sector participation in the renewable energy market.
Looking ahead, the imperative for Kosovo lies in long-term investments in renewable energy capacity to establish a reliable energy supply. With increasing environmental apprehensions linked to lignite mining, there is a mounting necessity for Kosovo to shift towards renewable energy sources.
The nation holds untapped potential in solar and wind energy, and directing investments into these sectors can not only mitigate environmental concerns but also bolster energy security and foster new economic prospects.
In November, Kosovo, North Macedonia, Albania and Greece signed a memorandum of understanding (MoU) in Athens, which paves the way for the merger of the countries’ electricity markets. This will lead to the creation of a unified electricity market interconnected with the broader European market.
7.6 Energy & Power - North Macedonia
North Macedonia officially launched its Just Energy transition investment platform on December 3, aiming to mobilise up to €3bn in investments and technical assistance. The platform's primary objective is to guide North Macedonia's ambitious plans for a just and low-carbon transition within its electricity sector.
The ultimate goal is to expedite the country's energy transition and facilitate the deployment of 1.7 GW in new renewable energy capacity by 2030, accompanied by essential grid and storage infrastructure. The European Bank for Reconstruction and Development (EBRD) has been actively involved in supporting the government in developing this platform and will lead coordination efforts with various international partners.
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