Solar PV appears set for massive expansion, with a projected average growth rate at 13% a year from 2020 to 2030, meeting almost a third of electricity demand growth over the coming decade and becoming the new “king” of power markets, according to the International Energy Agency’s (IEA) World Energy Outlook (WEO) 2020 report.

On 29 December 2014, the Serbian Parliament adopted a new Energy Law (OJ no 145/2014) in the short and urgent procedure establishing the legal framework necessary for the full market opening as of 1 January 2015. Foremost goal of the Energy Law is full implementation of the third energy package in Serbia.