Why is Serbia expanding green investments in 2022?

BELGRADE, March 23, 2022 – Serbia is expanding green investments, seeking to spur a post-COVID recovery and build resilience against future shocks, especially for its most vulnerable citizens.

Why is residential heating a major source of air pollution in Serbia?

Residential heating is a major source of air pollution in Serbian cities, especially in winter months, when it accounts for more than half of fine particulate matter (PM2.5) emissions, as the largest share of the heating needs are met by firewood and coal.

Who owns the large-scale solar and battery energy storage project?

Delivering the utmost flexibility to the Serbian government, the Large-Scale Solar and Battery Energy Storage Project being developed by UGT Renewables will be owned and operated by Electric Power Industry of Serbia (EPS) once completed.

Can a single-family house save energy?

A recent World Bank study on Western Balkan countries showed that energy savings above 50 percent can be achieved in single-family houses by retrofitting insulation of walls, roof and windows.

How many households will benefit from sustainable heating?

Sustainable heating investments are expected to reach 25,000 households during the five years of the project. Some 2,500 households will receive social inclusion “top-up grants”, supporting the most vulnerable citizens, and 3,000 households are expected to shift away from traditional solid fuel heating solutions.