Decentralized Solar Energy Generation

Decentralized Solar Energy Generation

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Decentralized Solar Energy Generation
Decentralized Solar Energy Generation
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Set up and operate solar plants to generate revenue by selling electricity produced from solar panels. The inputs required include solar panels, inverters, mounting structures, electrical equipment, land, and sunlight. Target markets are utility companies, municipalities, and commercial businesses looking to reduce their carbon footprint and energy costs. the amount of power that a power plant can produce depends on its size, technology, and energy source, and can range from a few kW to a few dozen mW.

Expected Impact

Support energy security, reduce greenhouse gas emissions, and make energy affordable.

How is this information gathered?
Updated: 29 Jun, 2023
Serbia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Long Term (10+ years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Climate Action (SDG 13) Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Industry, Innovation and Infrastructure (SDG 9) Responsible Consumption and Production (SDG 12)

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Sector Sources
  • 1) BBC News. Serbia, coal and the environment: Can Serbia reduce the use of coal and why it is important, 2020. https://www.bbc.com/serbian/lat/srbija-54738653. 2) Europe. Green agenda for Serbia, 2022. https://europa.rs/zelena-agenda-za-srbiju/ 3) Bizlife. Women in Sustainable Energy - Leadership for Change, 2018. https://bizlife.rs/zene-u-odrzivoj-energetici-liderstvo-za-promenu/. 4) Klima 101. Solutions that respond to women's needs are good for society and nature as a whole, 2021. https://klima101.rs/tribina-rod-klimatske-promene/. 5) OIE Srbija. Serbia's goal of 40% green energy by 2040 - Signed agreement between the Ministry and the Association of Renewable Energy Sources, 2022. https://oie.rs/cilj-srbije-40-zelene-energije-do-2040-godine-potpisan-sporazum-ministarstva-i-udruzenja-obnovljivi-izvori-energije/. 6) Balkan Green Energy News. Analysis of barriers and risk reduction for RES investments in Serbia, 2019. https://balkangreenenergynews.com/rs/analiza-barijera-i-smanjenje-rizika-za-investicije-u-oie-u-srbiji-rezultati-studije/. 7) Renewable energy sources: A guide for parliamentarians. https://www.undp.org/sites/g/files/zskgke326/files/migration/rs/UNDP_SRB_Obnovljivi-izvori-energije-Vodic-za-parlamentarce.pdf. 8) Eurovik. What is the profitability of investment in solar panles? 2022. https://www.eurovik.rs/blog/koja-je-isplativost-ulaganja-u-solarne-panele. 9) National Assembly of the Republic of Serbia. STRATEGY: development of the energy sector of the Republic of Serbia until 2025 with projections until 2030, 2015. https://www.pravno-informacioni-sistem.rs/SlGlasnikPortal/eli/rep/sgrs/skupstina/ostalo/2015/101/1/r. 10) The World Bank. CO2 emissions metric tons per capita, 2020. https://data.worldbank.org/indicator/EN.ATM.CO2E.PC. 11) Statista. Average per capita carbon dioxide emissions worldwide from 1960 to 2021, 2023. https://www.statista.com/statistics/268753/co2-emissions-per-capita-worldwide-since-1990/. 12) Danas. If Serbia does not reduce carbon dioxide emissions into the atmosphere, it will continue to face droughts and floods, 2020. https://www.danas.rs/vesti/drustvo/ukoliko-srbija-ne-smanji-emisije-ugljen-dioksida-u-atmosferu-nastavice-da-se-suocava-sa-susama-i-poplavama/. 13) Ministry of Mining and Energy. Sector for energy efficiency and renewable energy sources, 2023. http://arhiva.mre.gov.rs/latinica/faq-energetska-efikasnost-obnovljivi-izvori.php. 14) Ministry of Mining and Energy. Mihajlović with ""Bechtel"": Investments in renewable energy are crucial for energy development, 2022. https://www.mre.gov.rs/lat/aktuelnosti/saopstenja/mihajloviceva-sa-%E2%80%9Ebehtelom%E2%80%9C--investicije-u-oie-kljucne-za-razvoj-energetike.
IOA Sources
  • 21) MK Group.The first agrosolar project in the region officially started, 2022. https://www.mkgroup.rs/vesti/zvanicno-poceo-prvi-agrosolarni-projekat-u-regionu/ 22) Ekapija. "Solaris Energy" - The largest solar power plant in Serbia, 2014. https://www.ekapija.com/news/1018914/solaris-energy-najveca-solarna-elektrana-u-srbiji 23) Ministry of Mining and Energy of the Republic of Serbia. Energy Security of Republic of Serbia, 2022. https://www.mre.gov.rs/sites/default/files/2022/02/energy_security_of_the_republic_of_serbia.pdf. 24) Nova.rs.The import of electricity and gas cost us almost 3.2 billion euros last year, 2023. https://nova.rs/vesti/biznis/uvoz-struje-i-gasa-nas-je-prosle-godine-kostao-skoro-32-milijarde-evra/ 25) UNDP stakeholder consultations, 30th of March, 2023. 26) N1 info. Interest in solar panels in Serbia is growing - how much do they cost, when will they pay off? 2022. https://rs.n1info.com/zeleni-kutak/raste-interesovanje-za-solarne-panele-u-srbiji-koliko-kostaju-kad-se-isplate/ 27) World Health Organization.Mortality rate attibuted to household and ambient air polution, 2019. https://www.who.int/data/maternal-newborn-child-adolescent-ageing/indicator-explorer-new/mca/mortality-rate-attributed-to-household-and-ambient-air-pollution-(per-100-000-population-age-standardized)-(sdg-3.9.1) 28) Suncica solar. New era of solar energy in Serbia, 2023. https://www.suncica.co.rs/blog/Nova-era-solarne-energije-u-Srbiji%E2%80%93Novi-Zakon-o-OIE 29) National action plan for the use of renewable energy sources, 2013. https://www.mre.gov.rs/sites/default/files/2021/03/nacionalni_akcioni_plan_za_koriscenje_obnovljivih_izvora_energije_28_jun_2013.pdf 30) Law on Energy (""Official Gazette of RS"", no. 57/11 and 80/11), 2014. https://www.aers.rs/FILES/Zakoni/Eng/EnergyLaw%20SG%20145-14.pdf 31) Law on the Use of Renewable Energy Sources "Official Gazette of RS", No. 40 of April 22, 2021. https://www.mre.gov.rs/sites/default/files/2021/05/zakon_o_korishcenu_obnovlivikh_izvora_energije_0.pdf 32) Blic. How to get subsidies for solar panels, 2020. https://www.blic.rs/biznis/moj-novcanik/kako-do-subvencije-za-solarne-panele-drzava-daje-i-do-420000-dinara-a-ovo-su-svi/xt9z6df 33) UGT Renewables Serbia Solar PV Park, Serbia, 2022. https://www.power-technology.com/marketdata/ugt-renewables-serbia-solar-pv-park-serbia/ 34) Grand View Research. Solar PV Market size, 2020. https://www.grandviewresearch.com/industry-analysis/solar-panels-market 35) Ministry of Mining and Energy, Energy balance of the Republic of Serbia for 2022, 2021 https://mre.gov.rs/lat/dokumenta/strateska-dokumenta/energetski-bilans-republike-srbije-za-2022--godinu- 36) Balkan Green Energy News. Solar boom in Serbia: more than 100 MW of solar power plants on roofs, 2022. https://balkangreenenergynews.com/solar-boom-in-serbia-more-than-100-mw-of-solar-power-plants-on-roofs/ 37) Solar reviews. What is a solar farm? Costs, land needs & more, 2022. https://www.solarreviews.com/blog/what-is-a-solar-farm-do-i-need-one 38) Peterhof Consulting stakeholder consultations at Peterhof office on 13th of February, 2023. 39) Ministry of Mining and Energy of the Republic of Serbia. Energy security of the Republic of Serbia, 2022. https://www.mre.gov.rs/sites/default/files/2022/02/energy_security_of_the_republic_of_serbia.pdf 40) EPS, Jurisdiction, n.d. https://www.eps.rs/cir/snabdevanje/Pages/nadleznost.aspx