The Serbian Ministry of Mining and Energy has signed a Memorandum of Understanding (MoU) with China’s Shanghai Fengling Renewables and the Chinese-owned Serbia Zijin Copper to develop 2 GW of renewables and hydrogen projects in the country. Under the MoU, the Chinese companies will invest about €2bn to develop 1.5 GW of wind capacity and 500 MW of solar power plants, as well as a green hydrogen plant with production capacity of around 30 kt/year to store excess renewable power generation. The energy produced by the projects will be used in Zijin’s copper mine and smelter located near the eastern Serbian town of Bor. Construction could start as early as the first quarter of 2025 and the first phase of the project (700 MW) would be ready by mid-2026, with full capacity reached in 2028.
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 nearly 7 GW of wind capacity under construction or under development.
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