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Serbia Hybrid Power Generation Plant Industry Analysis
Current Scenario:
The hybrid power generation plants industry in Serbia is still in the early stages of development. While there are some small-scale projects that have been implemented, the overall market size is relatively small. The majority of the country's electricity production comes from coal-fired power plants, which is not sustainable in the long run. Therefore, there is a growing need for renewable energy sources, such as hybrid power plants.
Construction of New Projects:
The government of Serbia has set a target to generate 27% of its electricity from renewable sources by 2020. To achieve this, the country is planning to build new hybrid power generation plants. One such project is the Kostolac wind farm, which will have a capacity of 66 MW and is expected to be completed by 2023. Another project is the ?ibuk 1 wind farm, which has a capacity of 158 MW and is expected to be operational by the end of 2021.
Major Drivers:
One of the major drivers for the growth of the hybrid power generation plants industry in Serbia is the increasing demand for electricity. As the population grows and industrialization continues, the demand for electricity is expected to increase in the coming years. Additionally, the government's commitment to reducing greenhouse gas emissions is another key driver for the industry. This has led to the implementation of various policies and incentives to promote the development of renewable energy sources.
Industry Outlook:
The outlook for the hybrid power generation plants industry in Serbia is positive. The government's commitment to renewable energy, combined with the increasing demand for electricity, is expected to drive growth in the industry. Furthermore, the country's favorable geographic location and natural resources, such as wind and solar, make it an ideal location for the development of hybrid power plants. However, there are still challenges that need to be addressed, such as financing and regulatory issues.
In conclusion, the hybrid power generation plants industry in Serbia is still in its early stages but is expected to grow rapidly in the coming years. The government's commitment to renewable energy, combined with the increasing demand for electricity, will provide significant opportunities for the development of new projects in the country.
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