Ecology Finance

Serbian alternative energy investments heating up

The Serbian alternative energy manufacturing market is heating up with a new, EUR 6.5 mln biomass plant commencing operations in Novi Pazar this month, as well as with the announcement of the country’s first solar panel production plant to be put into operation by startup Domi Eko, reportedly.

The biomass plant has come through a partnership between the Serbian Energy Ministry and German bank KfW, which together with additional Swiss financing will aid the country in building or modernizing district heating plants in order to use biomass in lieu of fossil fuels, according to SEE News, as cited by

Some 22 public utility and 30 district heating plants are taking part in the program, according to the Energy Ministry.

Meanwhile, Serbian alternative energy manufacturer DoMi Eko will build a solar panel factory in Velika Plana, although details surrounding the investment have not yet been disclosed.

Should the investment go forward, the factory will be the first of its kind in Serbia, according to SEE News, as cited by

The 1.2-hectare factory will be located close to the Belgrade-Nis motorway.
DoMi Eko was only founded in July 2022, according to SEE News.

Photo of Novi Pazar by Almir Dzogovic, CC BY-SA 2.0 DE <>, via Wikimedia Commons.

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