Assessing the potential of utility-scale PV power plants in Serbia: : CBA of Kolubara A

Abstract

Serbia is at a turning point in terms of choosing its future energy strategy. The nation heavily depends on national coal reserves and hydropower resources. Based on known effects of climate change and ist devestating consequences, it is well known that this strategy cannot remain. Still, ever-present tension of globalization and national security remains in this case as well, pointing out that certain countries may indeed be threatened by the ever-growing complexity and inter connectedness of world ́s countries. With the outbreak of Covid19 and ongoing wars, it is reasonable for countries to develop energy strategies that are not only sustainable and globally accepted, but that are also mostly built around their national capabilities in terms of resources and expertise. In line with arguments of sustainability, cost-efficiency, morality, but also strategic independency, renewable sources show as the ultimate solution. Due to encouraging country-specific conditions, but also positive global trends, PV technology in Serbia seem to be taking momentum now. This thesis examines the technological, technical, economic, social, and political settings in order to better understand the factors that affect the potential and viability of utility-scale PV. Additionally, it will examine the state of PV technology in Serbia at the moment and provide projections about the future. (edit)