Serbia to partner with UGT Renewables in construction of 1 GW of PV capacity
Serbia’s government is in talks with US-based UGT Renewables for the construction of photovoltaic (PV) plants with a total installed capacity of 1 GW (gigawatt) across the Balkan country, the Serbian president’s office said on Monday reported news portal SeeNews.
The project envisages the construction of solar plants with a footprint of 2,000 hectares that would offset 1.9 million tonnes of carbon dioxide (CO2) emissions annually, the office said in a statement after the Energy Ministry signed a cooperation agreement with UGT Renewables.
“We will talk about all the conditions, and if we fulfill everything envisaged under the agreement together, we can have solar panels that will produce more than 1 GW of electricity. It is important for us to have cleaner air, and the agreement is also financially important for us, in this way we reform and modernize the entire energy sector and the future work of public companies,” President Aleksandar Vučić said, according to a press release issued by the Energy Ministry.
Under the terms of the agreement, Serbia and UGT Renewables will cooperate in the development of PV plants and electricity storage systems, with the aim of using Serbia’s potential to build energy capacities using renewable sources, the ministry said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.