Decarbonisation plans in North Macedonia are taking a big leap forward. The
Sectors we work inView list of sectors and key topicsProject informationProjectfinderIndependentProjectAccountability Mechanism
What we provideProductsandservicesPolicyreformOperations and processesEvaluating our workStrategies and policiesClientduediligenceCommentonourwork
Key themes and topicsThe war on UkraineTheEBRDanddigitalisationEBRD GreenEconomic InclusionFood securitySecuring Chernobyl siteLocalcurrency
Economic researchEconomicsattheEBRDOffice of the Chief EconomistTransitionReport
BackgroundHistoryoftheEBRDBasic documents of the EBRDContactsView by country and departmentMediaenquiries
Structure and staffPresident Odile Renaud-BassoBoard of GovernorsBoard of DirectorsExecutiveCommitteeSeniorleadershipgroup
Our valuesMultiparty democracy and pluralismPromoting transitionEnvironmental and social sustainabilityIntegrity and complianceBacking gender equalityTransparency
PartneringforimpactDonorsCivil SocietyAlumni Association
AlbaniaArmeniaAzerbaijanBelarusBosnia and HerzegovinaBulgariaCroatiaCzechiaEgyptEstonia
GeorgiaGreeceHungaryJordanKazakhstanKosovoKyrgyzRepublicLatviaLebanonLithuania
MoldovaMongoliaMontenegroMoroccoNorthMacedoniaPolandRomaniaRussiaSerbia
Slovak RepublicSloveniaTajikistanTunisiaTürkiyeTurkmenistanUkraineUzbekistanWestBankandGaza
Project financeLoansEquityThefinancingprocessWhy finance with us?Eligibility checker
Support for SMEsAdvice for businessesFinance for businessesDonor supportFlagship programmesEBRD Know How Academy
ProcurementProjectprocurementCorporateprocurementandConsultancyservicesTrade FinanceTrade Facilitation Programme
More ways to work with the EBRDTreasury and Capital MarketsMobilisationCareersWorking at the EBRD
By BojanaVlajcic
30 Jun 2023
The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and bilateral donors are consolidating their support for solar energy projects in North Macedonia with grant financing for the first large-scale solar plant.
A donor-funded grant agreement of €1.5 million was signed today in Skopje financed by bilateral donors to the Western Balkans Investment Framework (WBIF). The grant complements an EBRD loan of €5.9 million.
The grant will support Elektrani na Severna Makedonija (ESM), the country’s state-owned electricity company, in financing the final construction stages of a 10 MW solar plant being built on the site of the exhausted coal mine in Oslomej. Test operations began in April last year.
Andi Aranitasi, EBRD Head of North Macedonia, said: “We are keen to continue working with North Macedonia on reducing its reliance on ageing coal-fired infrastructure. Following successful completion of the Oslomej 1 solar pant, we are excited to see that the government is continuing with investments in solar energy, and we stay ready to provide further support if needed.”
As well as providing financing, the Bank is working with the authorities of North Macedonia to address the implications of inequality of the energy transition and to identify opportunities for economic diversification in the area, including for redeployment and reskilling. The EBRD is helping the country to conduct a “just transition” diagnostic and establish an action plan through inclusive policy dialogue with the authorities. The “just transition” project is expected to act as a model for the wider Western Balkans region, which faces similar challenges and requires a green, inclusive and just transition in the energy sector.
Besides the bilateral donors to the WBIF,Italysupported the investment by financing the project’s technical feasibility assessment.
The government gave solar projects in Pehčevo and Karbinci strategic investment statuses. Both firms are registered at the same address
About Solar energy for businesses north macedonia
As the photovoltaic (PV) industry continues to evolve, advancements in Solar energy for businesses north macedonia have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Solar energy for businesses north macedonia for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Solar energy for businesses north macedonia featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
Related Contents
