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The Government of the Republic of Serbia

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Norway ready to transfer its experience in energy transition to Serbia

Belgrade, 19 April 2023

Minister of Mining and Energy Dubravka Djedovic and Ambassador of the Kingdom of Norway Jorn Eugen Gjelstad discussed today the cooperation of the two countries in the field of energy, with an emphasis on the development of renewable energy sources.

Djedovic pointed out that Serbia is currently in a key phase when it comes to setting long-term goals for increasing the share of renewable energy sources (RES) in the energy mix, but also at the moment when we are taking the first and extremely important steps in reforming our energy companies, which should be the engine of the entire economy.

Norway's experience is significant in implementing our ambitions, to improve the management of state-owned companies and to increase our energy independence by using our own energy resources, the Minister pointed out.

Gjelstad highlighted the readiness of the Norwegian side to transfer to Serbia its experience in the development of the energy sector and energy transition, and added that there is significant interest of Norwegian companies in potential investments in Serbia, especially in the field of RES.

The Ambassador confirmed the intention of the Kingdom of Norway to help the Ministry of Mining and Energy and the Serbian government through grants in attracting local experts who would work on energy transition and implementation of energy sector reforms.

The meeting also looked at the upcoming Norway-Serbia Business Forum, which will be held on Monday, 24 April, and which will bring together a significant number of Norwegian investors, many of whom are from the energy sector.