In the first ten months of 2024, North Macedonia added 311 MW of renewable energy capacity, significantly increasing its total capacity to 1,219 MW and its share of renewables to over 50% of total installed capacity.
Significant Growth in North Macedonia Renewables
North Macedonia’s renewable energy sector has experienced remarkable growth, adding an impressive 311 MW in just the first ten months of 2024. This expansion pushes the country’s total renewable capacity to 1,219 MW, marking a major milestone in its energy transition. The share of renewables in North Macedonia’s total installed capacity now exceeds 50%, according to a report by the Energy and Water Services Regulatory Commission of the Republic of North Macedonia (ERC).
The ERC report highlights the rapid growth, noting that the first half of 2024 saw a 196 MW increase in capacity. By the end of October, an additional 115 MW was added. This acceleration is part of a sustained trend; over the last four years, the country has been adding nearly one megawatt of renewable capacity per day on average. This progress is bolstered by significant international support, including a โฌ1.6 billion investment from the European Investment Bank (EIB) in various sustainable projects aimed at enhancing energy security.
Solar Energy Leading the Way in North Macedonia Renewables
Solar power has been the primary driver of this growth, contributing 265 MW to the new capacity. For a deeper look into the country’s photovoltaic landscape, see the full North Macedonia Solar Panel Manufacturing report. Wind farms have added another 42 MW, while small hydropower plants and biogas power plants contributed 3 MW and 1 MW, respectively. The revitalization of North Macedonia hydropower remains a key component of its diversified energy strategy. The ERC report states, โThe installed capacity of renewable energy power plants in the first ten months of 2024 has increased by 311 MW.โ
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The ERC also highlighted the role of the state-owned electricity producer, Elektrani na Severna Makedonija (ESM), in expanding renewable energy capacity. ESM has been actively involved in developing new renewable energy projects, which have significantly contributed to the overall growth. This state-level support, combined with private investment, is crucial for those considering financing a solar factory in North Macedonia. Success in this sector relies on understanding the complete solar panel manufacturing process from start to finish.
Impact on the Energy Sector from North Macedonia Renewables
The increase in renewable energy capacity has had a noticeable impact on North Macedonia’s energy sector. In the first ten months of 2024, renewable power plants produced 1,096 GWh of electricity, accounting for 19.3% of the total electricity produced in the country. This is a significant contribution to the national grid and showcases the growing importance of renewables.
To support this influx of variable energy sources, the country is also innovating. Recently, North Macedonia issued its first licenses for battery energy storage systems (BESS), totaling 2.6 MW. This development is critical for ensuring grid stability and maximizing the integration of solar and wind power. By the end of October 2024, renewables accounted for 53% of North Macedoniaโs total installed power capacity, a substantial increase indicating the country is on track to achieve its energy targets.
Looking Ahead for North Macedonia Renewables
The rapid growth in renewable capacity is a positive sign for North Macedonia’s energy transition. The government’s focus on expanding solar, wind, and other sources is helping to reduce reliance on fossil fuels. However, the path forward requires continued commitment. The European Commission, while acknowledging the progress, has urged faster reforms to fully align with EU climate policies, including adopting a clear coal phase-out timeline and streamlining permitting processes for new projects.
North Macedonia’s progress is in line with broader European trends, where countries like Austria are also pursuing ambitious renewable energy goals. As nations increasingly invest in renewables to reduce carbon emissions, North Macedonia’s success demonstrates that smaller countries can make significant contributions to global energy goals, a trend captured in the Global Solar Report.
The addition of 311 MW of renewable capacity in just ten months is a testament to North Macedonia’s commitment to a sustainable energy future. With over half of its installed capacity now coming from renewables, the country is well on its way to achieving its energy transition goals. The continued focus on expanding renewable energy will ensure that North Macedonia remains a leader in the region and a model for others to follow. To learn more about entering this burgeoning market, you can enroll in our free e-course on solar panel manufacturing.
