Can Serbia build a solar power plant?

The Government of Serbia has signed an agreement with the Hyundai Engineering-UGT Renewables consortium on building solar power plants with a total connection capacity of 1,000 MW (1,200 MW in nameplate capacity), along with battery systems for electricity storage of up to 200 MW/400 MWh. The signing will be followed by talks on financing terms.

What is Serbia solar PV?

The electricity generated from the Serbia Solar PV will offset 1,900,000t of carbon dioxide emissions (CO2) a year. UGT Renewables Serbia Solar PV will be a 1,000MW solar PV power project developed in a single phase. Articles, videos and more about our projects in Serbia.

What is UGT renewables Serbia solar?

UGT Renewables Serbia Solar is a ground-mounted solar project, which is planned over 2,000 hectares. The electricity generated from the Serbia Solar PV will offset 1,900,000t of carbon dioxide emissions (CO2) a year. UGT Renewables Serbia Solar PV will be a 1,000MW solar PV power project developed in a single phase.

Does Serbia have a diversified energy source?

While coal dominates, efforts are underway to diversify Serbia's energy sources, particularly towards increasing the share of renewable energies like hydro, wind, and solar power, in response to environmental concerns and global energy trends.

What is the energy sector like in Serbia?

Serbia's energy sector predominantly relies on fossil fuels, with coal playing a central role in electricity generation. The country's abundant lignite reserves are a significant contributor to its energy mix, powering major thermal power plants.

How much power does Serbia have?

It currently has a total capacity of approximately 3490 megawatts (MW) of renewables, with 2342 MW in hydropower in 2019 according to the European Energy Community. Serbia announced plans to install new hydropower plants and two existing dams, and to rehabilitate a further 15 existing power plants totaling around 30 MW with EBRD financing.