15,000 Green Jobs, 30% Lower Electricity Bills, and Investments Over 1 Billion Euros Expected in North Macedonia by 2030 – New Cooperation Opportunities with German Companies.
Minister Bozhinovska addressed the Renewable Energy Infrastructure Conference, organized by AHK North Macedonia.
Skopje, December 3, 2024 – The Minister of Energy, Sanja Bozhinovska, today addressed the opening of the technical conference dedicated to expanding renewable energy infrastructure in the region, organized by AHK North Macedonia, part of the network of German chambers of commerce. The event is part of a delegation visit by six German companies specialized in innovative solutions in the energy sector.
In her address, Minister Bozhinovska presented the government’s current and planned activities aimed at accelerating the energy transition, including the new Energy Law, which will come into force in 2025. She emphasized that North Macedonia is seeing an increase in investments in renewable energy, with a particular focus on the development of solar and wind capacities, as well as energy storage projects.
"German investors are increasingly viewing the green energy potential as a key factor in making investment decisions. Our goal is to position North Macedonia as an attractive and sustainable destination for this type of investment," added Antje Vandelt, Director of AHK North Macedonia, Albania, and Kosovo.
The event marks an important step toward strengthening partnerships between companies in North Macedonia and Germany, creating a foundation for further knowledge and technology exchange in the field of renewable energy. "Macedonia is ready to capitalize on its renewable energy potential and become a regional leader in the green transition. The transformation will generate more than 15,000 green jobs by 2030, in sectors such as the construction, maintenance, and management of renewable capacities, and in the next decade, investments of over 1 billion euros are expected to stimulate local economic growth. Electricity costs will decrease through increased domestic production and reduced dependence on imports. Households and businesses will have up to 30% lower electricity bills by 2030. With the implementation of the planned projects, North Macedonia will become a net exporter of electricity, with the potential to generate more than 300 million euros annually from the export of renewable energy," Minister Bozhinovska stated.
The conference, attended by over 80 representatives from Macedonian and German companies, provided an opportunity for direct business meetings and experience exchange. The high interest in the event indicates the growing importance of green energy as a factor for attracting foreign investments and regional cooperation.
