Serbia partners with UGT Renewables for the construction of 1 GW of photovoltaic capacity
The Serbian 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) in the Balkan country, the president’s office said on Monday. Serbian, the news portal SeeNews reported.
The project envisions building solar power plants with a footprint of 2,000 hectares that would offset 1.9 million tonnes of carbon dioxide (CO2) emissions per year, the office said in a statement after the ministry of ‘Energy has signed a cooperation agreement with UGT Renewables.
“We will talk about all the conditions, and if we meet together everything that is foreseen in the agreement, we will be able to have solar panels which will produce more than 1 GW of electricity. It is important for us to have cleaner air, and the agreement is also important for us financially, in this way we are reforming and modernizing the whole energy sector and the future work of public enterprises. President Aleksandar Vučić said, according to a press release. issued by the Ministry of Energy.
Under the terms of the agreement, Serbia and UGT Renewables will cooperate in the development of photovoltaic power plants and electricity storage systems, with the aim of using Serbia’s potential to develop energy capacities using renewable sources, a declared the ministry.
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