Can North Macedonia develop solar energy?

The potential for solar energy development in North Macedonia is vast. With estimates suggesting that the country could harness up to 11 GW of solar PV capacity, there is significant room for growth.

What are the benefits of expanding solar energy capacity in North Macedonia?

One of the most compelling benefits of expanding solar energy capacity in North Macedonia is its potential to enhance energy independence. In 2021, approximately 33.2% of North Macedonia's electricity consumption was covered by imports.

Does North Macedonia need electricity?

Although North Macedonia’s renewable energy potential is huge (especially solar), the country is still dependent on importing electricity –imported electricity constitutes around 30% of the overall gross consumption.

How much solar power does Macedonia have in 2022?

By the end of 2022, the country had reached a photovoltaic capacity of approximately 144 MW, with projections indicating rapid growth in the coming years. In 2023 alone, North Macedonia saw an impressive increase in solar capacity, with new installations contributing to a total increase of 251% compared to the previous year.

How many energy licenses will Macedonia have in 2023?

Additionally, the Macedonian Regulatory Commission for Energy (“RKE”) has already announced that it issued 278 licenses for only six months in 2023, which is more than in the whole 2022. If all the issued energy licenses result in operational power plants, that would amount to 270MW of newly installed capacity.

What is the Macedonian national electricity market operator (memo)?

On 10 May 2023, the Macedonian National Electricity Market Operator (“MEMO”) rolled-out and started operating the day-ahead electricity market exchange. This market is envisaged as one of the key elements of a future Western Balkans energy market, integrating into the European internal market.