SeeNext Regional Report

Renewable Energy in Southeast Europe: 2024 Edition Report

The report is available for downloading here.


SeeNext, a business intelligence and news provider, has recently released the 2024 edition of the report titled “Renewable Energy Industry in Southeast Europe: The Next Challenge.” This comprehensive report delves into the advancements made by Bulgaria, Croatia, Greece, Romania, Serbia, and Slovenia in terms of integrating energy storage solutions, grid modernization, newly installed capacities, significant investments, and regulatory updates.

Contributing to this report, our colleagues from Ilej & Partners in cooperation with Karanovic & Partners, including Partner Ivana Sverak and Senior Associate Boris Dvoršćak, offered a detailed overview of Croatia’s current regulatory framework for the renewable sector. This encompasses key legislation such as the Energy Market Act, energy approval permit, Renewable Energy Sources and High-Efficiency Cogeneration Act, and market premium auctions, serving as the primary incentive for electricity production from renewable sources. Additionally, they shed light on local incentives for renewable energy investments and shared insights into active energy storage facilities in Croatia.

In Serbia, our Partner Petar Mitrović and Associate Jelena Petronijević provided a regulatory update on the renewables sector. They outlined pivotal changes introduced by the new Law on the Use of Renewable Energy Sources in 2021, along with subsequent amendments in 2023. Emphasizing a shift towards market-based incentives, primarily auctions for market premiums, they detailed the Plan of the incentive system for the use of renewable energy sources for the period 2023 – 2025.

Furthermore, our colleagues, Senior Associate Vesna Ložak Polanec and Junior Associate Žiga Dernič from Ketler & Partners, members of Karanović, presented a concise overview of Slovenia’s renewable energy sources regulation. This included the introduction of key legislative documents, addressing national energy security and storage, and modernizing the electricity grid in Slovenia. Their efforts focus on reducing administrative barriers, simplifying proceedings, facilitating public participation, and improving the investment climate in the Slovenian renewable energy sector.


Partner and Associate refer to Independent Attorney at Law in cooperation with Karanovic & Partners.

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.