The Chinese energy companies Shanghai Fengling Renewables and Zijin Mining Group have announced their interest in developing a 1.5 GW solar-wind hybrid project in Bor, in eastern Serbia, aimed at producing green hydrogen. The complex would be located near the city of Bor, where Zijin Mining Group already possesses a copper and gold project.
The aim of the renewable project, which could potentially grow to 2 GW, would be to enable Zijin to reduce its costs. The Chinese company will be in charge of power generation, and any surplus not used by the Bor mine will be converted into hydrogen, in quantities estimated at about 30 kt/year. Investments in the development and construction of the proposed power and hydrogen production facilities are planned to reach €2bn.
As of end-2021, Serbia had less than 400 MW of wind power and only 52 MW of installed solar capacity, representing less than 6% of its total capacity. The country, which commissioned its largest solar plant yet (10 MW) in April 2023, currently has 1.8 GW of solar and 5 GW of wind capacity under development.
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