The largest ever PV power plant, dubbed the OneGiga Project and said to have cost around €1.75 billion has been shelved by the developer Securum Equity Partners and will seek €160 million from the Republic of Serbia at the International Court of Arbitration in London, England.
Securum claims that the Serbian Government had failed to provide appropriate land, previously estimated to be around 3,000 hectares to construct the power plant made up of 100 PV plants of 10MW each.
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
The agreement included land selection criteria that included the following:
1. Land with scarce vegetation, without any high trees generating shade
2. Flat surface or with a 5 percent of gradient at the most
3. The height of the land should not be over 500 to 600 meters height above sea level
4. Easy access to public roads for the machinery and other facilities
According to Securum the Serbian Government failed to meet the criteria and land offered was often found to be flooded or in mountainous locations.