The Kosovo government announced on Monday (16 October) that it has launched an additional auction for 150 megawatts (MW) in 2024 to attract private investment in wind-based electricity generation.
In May, the government launched its first 100MW solar electricity generation pilot auction, and submitted a draft act on renewables to the National Assembly (Kosovo parliament) in early October.
“The implementation of this action will add to others in the area of climate change mitigation and adaptation that the government of Kosovo has been implementing in the context of the IMF’s Resilience and Sustainability Facility (RSF),” the government said in a press release.
The auction will be the first of its type in Kosovo and is expected to place the country at “the region’s forefront” in attracting private capital for the green transition, the government said. The auction will catalyse financing from private developers through a competitive bidding process.
Government co-financing is expected to decrease risks while catalysing private sector investment, which will also provide “state-of-the-art know-how” for the construction and operation of the project, the government noted in the press release.
The government is cooperating with international partners such as USAID “to ensure” that the pilot project launched in May is “concluded successfully and in a timely fashion.”