October 30, 2020 Read More →

Large-scale Kosovar wind and solar could help Balkan nation break with coal

Solar Quarter:

Strong performance by Kosovo’s first large-scale wind and solar farms show the coal-dominated, Western Balkan country can exploit falling renewables costs and green lending appetite to align better with a low-carbon European transition and reduce losses from stranded fossil fuel assets.

According to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), Kosovo has multiple opportunities to move beyond coal, which provided 95% of its electricity last year. It can close the oldest of its two coal plants; boost building efficiency to reduce crippling energy losses; strengthen electricity distribution networks; improve interconnection with its neighbours; and conduct electricity market reforms. 

“The country must move beyond coal to secure its energy future,” said Arjun Flora, co-author of Beyond Coal: Investing in Kosovo’s Energy Future. “This will include meeting pan-European standards on carbon emissions and air quality, as well as adopting a rapidly rising carbon price so it can ultimately join the European Union”.

[Ashwini Chikkodi]

More: IEEFA: Renewables’ Strong Performance And Falling Costs Can Help Kosovo Break From A Coal-Powered Past

Posted in: IEEFA In the News

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