The measures are part of the government’s strategy to increase the generation of power in the country from renewable sources.
Energy Minister Zorana Mihajlovic said that hydro power plants with about 30MW capacity will be eligible for the incentives and the subsidized rates for the plants will be raised by about a third to between €7.4c and €13.7c per KWh depending on size, reported the bloomberg.com.
The tariff applicable for wind farms will be lowered from €9.5c to €9.2c per KWh and the subsidized price for solar parks with capacity over 0.5MW will be reduced 30% to €16.25c.
"The changes reflect our strategy and our priorities as we work to increase the use of renewables to 27 percent by 2020 from 21.2 percent, under a European Union-backed regional agreement," added Mihajlovic.
The new incentives would replace the old facilities and the duration of electricity purchases at the subsidized rates will be over a 12-year term.
