YESS Power Joins the Western Balkans'' Largest Solar Storage
For North Macedonia, it is a transformative leap toward a cleaner, more resilient power system. For YESS Power, it is the beginning of a new chapter — a bold step into the
This shift underscores North Macedonia's potential as a burgeoning market for solar energy production, particularly as the country aims to meet its ambitious renewable energy targets. The regulatory landscape for renewable energy in North Macedonia has been markedly transformed with recent changes adopted in April 2023.
This article explores the current state of solar energy in North Macedonia, the opportunities for growth, and the challenges that must be addressed to maximize its potential. 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.
Macedonia – new player in solar industry. A pivotal moment occurred in 2020 with the launch of the first significant solar plant, and by 2023, North Macedonia had experienced a 251% increase in solar capacity, demonstrating the effectiveness of government initiatives in fostering growth in the sector.
With the government targeting a 38% share of renewables in gross final energy consumption by 2030 and proposing substantial investments totaling approximately US$1.7 billion by 2030, the future of solar energy investment in North Macedonia appears promising and critical for the nation's energy transition.
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