What is North Macedonia's just energy transition investment platform?

North Macedonia today launched a just energy transition investment platform to guide its far-reaching plans for a low-carbon and just transition of the electricity sector.

Should North Macedonia accelerate the transition to renewables?

Like others in the region, North Macedonia must balance its need to rapidly accelerate the transition to renewables to secure its energy future with the need to ensure that future is one where both the country’s nature and people thrive.

Is EBRD a partner of North Macedonia?

“We are very proud to be a partner of North Macedonia in this innovative country-led platform, which blends government commitment, international support and private finance to accelerate a just energy transition,” said the EBRD’s President Renaud-Basso.

What is North Macedonia's energy mix?

North Macedonia’s energy mix is dominated by domestic lignite coal-fired units and relies heavily on imports mainly in the form of gas and oil products. Coal is the main source of electricity and accounted for 50% of total generation capacity and 58% of electricity generation in 2019, one of the highest level in Europe.

Who produces electricity in North Macedonia?

The main entity in North Macedonia for electricity production is a state owned company Elektrani na Makedonija (ELEM), with ~70% of the total installed capacity. ELEM is the owner of the two large coal fired thermal power plants, Bitola and Oslomej.

What is North Macedonia's Energy Strategy?

Integration and security of energy markets: the Strategy is aiming to ensure that North Macedonia is even stronger integrated into European markets, protect today’s levels of energy dependence and provide necessary flexibility for higher RES integration.