From Science Daily:

In 2013, Serbia announced its goal of having 27 percent of the country’s power be generated from renewable sources by 2020. Hitting that target will require building additional clean energy facilities, but figuring out what type of project — solar, wind, hydropower or other renewable sources — to support can be a daunting task for investors.

Now, a team of researchers from the High Technical School of Professional Studies in Zvecan, Serbia and the Technical Faculty in Bor at the University of Belgrade is trying to simplify the decision. They have developed a tool that ranks 20 decision-making criteria — including investment costs, variable production capacity and level of compliance with legal and ecological standards among others — according to an investor’s priorities. While other decision-making models exist, this model is more generalizable and can be applied outside of Serbia, particularly in other countries at a similar level of development. The research is published in the Journal of Renewable and Sustainable Energy, from AIP Publishing.

Currently, “the production of electricity in Serbia is mainly based on coal,” said lead author Bojan Stojcetovic of the High Technical School of Professional Studies. “However, I predict that in the near future more and more investments will be in the renewable energy sources sector. I believe that the choice of renewable energy projects in which to invest should be scientifically justified.”

In the study, the researchers partnered with a company operating in the Serbian energy sector. Their goal: to identify an optimal renewable energy…

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