NORTH MACEDONIA RENEWABLE ENERGY MARKET
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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.
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.
This shift can be largely attributed to increased investments in photovoltaic projects, which have bolstered local electricity production.Currently, North Macedonia imports electricity primarily from neighboring countries such as Bulgaria, Serbia, Hungary, and Greece.
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