Macedonia, Government declared RES projects by wpd and EFT as strategic investments

, SEE Energy News

The Government of North Macedonia has granted the status of a strategic projects to 415 MW wind farm Virovi developed by German wpd and 80 MW solar power plant Erdzelija developed by EFT.

Viktor Andonov, energy advisor to the North Macedonian Prime Minister, said at the energy conference in Belgrade that these two projects have qualified to obtain the bank guarantees necessary to complete the strategic investment procedure established by the law on strategic investments. The purpose of the strategic investment law is to show investors that the state will support them in their projects, Andonov explained, adding that since its adoption in 2020, more than ten reputable investors contacted the Government and expressed interest in investing in green energy.

Andonov explained that the law on strategic investments stipulates that for every investments, the Parliaments adopts a separate law that serves as a guarantee that the Government will provide assistance to investors in that project.

According to him, the Government is currently considering several more projects in the renewable energy sector, whose value is estimated at 2-3 billion euros.