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Are Serbian renewable energy projects in danger due to the state of emergency?

Published in ceelegalmatters.com I 04 February 2020

On 15 March 2020, the state of emergency was introduced in Serbia due to the COVID-19 situation, which entitles state authorities to impose a broad spectrum of short-term restrictions and different measures. What do these measures mean for the future of renewable energy projects in Serbia?

In our view, any premature and unilateral moves by the off-taker would potentially lead to the misuse of the force majeure event that damages legal certainty and could result in massive claims and disputes initiated by RES investors, which would endanger Serbian renewable energy commitments to the EU.

Read the article here.

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Portrait of Ivan Gazdic
Ivan Gazdic
Igor Đorđević
Attorney-at-law for Energy, Banking & Finance, Projects and Infrastructure