North Macedonia is making significant strides in its economic and infrastructure sectors, focusing on renewable energy and public transport enhancements. The government is actively pursuing solar power projects and the introduction of electric buses, aiming to modernize its energy landscape and improve urban mobility.
Key Takeaways
- North Macedonia’s state-owned power utility, ESM, is seeking contractors for solar power projects on former coal land.
- The country plans to introduce 100-120 electric buses for public transport by next winter.
- Foreign Direct Investment (FDI) in North Macedonia has more than doubled year-on-year in the first nine months of 2024.
Solar Power Initiatives
North Macedonia’s commitment to renewable energy is evident in its latest solar power initiatives. The state-owned power utility, Elektrani na Severna Makedonija (ESM), has opened a tender for the construction of two solar power facilities with capacities of 10 MW and 20 MW. These projects will be located in areas previously dominated by coal mining and thermal power plants, specifically at REK Oslomej and REK Bitola.
The tender is part of a broader strategy to transition from coal to solar energy, a move that has positioned North Macedonia as a leader in the Western Balkans for renewable energy adoption. The European Bank for Reconstruction and Development has previously supported this initiative with a loan of up to EUR 25 million.
Electric Bus Rollout
In a parallel effort to enhance urban transport, Prime Minister Hristijan Mickoski announced plans to introduce 100-120 electric buses into the public transport system by the next heating season. This initiative aims to reduce air pollution and modernize the public transport fleet, particularly in the capital city, Skopje.
The government is currently analyzing market options to ensure a swift deployment of these electric buses, which will be accompanied by the necessary infrastructure, including around 50 charging stations. This move comes at a time when the public transport utility has faced challenges due to fuel shortages, necessitating temporary measures to maintain service levels.
Foreign Direct Investment Surge
North Macedonia has also seen a remarkable increase in Foreign Direct Investment (FDI), which more than doubled year-on-year in the first nine months of 2024. This surge reflects growing investor confidence in the country’s economic potential and its strategic initiatives in renewable energy and infrastructure development.
The government is actively working to create a favorable business environment, which is crucial for sustaining this momentum. Recent investments include a €50 million cycle launched by Kostal Macedonia, further contributing to the economic landscape.
Conclusion
North Macedonia is on a transformative path, focusing on sustainable energy solutions and modernizing its public transport system. With significant investments in solar power and electric buses, the country is not only addressing environmental concerns but also enhancing its economic prospects. As these initiatives unfold, North Macedonia is poised to become a model for sustainable development in the region.
Sources
- North Macedonia’s ESM seeks contractor for solar power project on coal land, Balkan Green Energy News.
- N. Macedonia’s ESM opens tender for works on 30 MW solar plants | N. Macedonia Investments News | SeeNews, SeeNews.
- North Macedonia eyes 100-120 electric buses for public transport, Balkan Green Energy News.
- North Macedonia targets 100-120 electric buses – electrive.com, electrive.com.
- FDI in N. Macedonia more than doubles y/y in Jan-Sept | N. Macedonia Economy News | SeeNews, SeeNews.
