Serbia will soon become the latest member of Europe’s burgeoning PV industry after state utility EPS began construction of the country’s first solar power plant. The 5MW system, located in the western Zlatibor region, is the first of 50 renewable ventures planned by EPS as it attempts to revamp the Balkan country’s energy network.
The total cost of the ground-breaking project is €15 million (US$21.7 million), and the initial 1MW development phase is due to be completed by spring 2012. Financing will come from EPS and Serbian insurance group Dunav.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Serbia is currently involved in EU accession talks and by investing in solar and other renewable energy sources, the country hopes to move away from its current coal-dominated generation infrastructure and satisfy the Union’s 2020 energy targets.
