The government of Serbia has signed an agreement with US company UGT Renewables to cooperate on the construction of solar and energy storage projects in the Balkan country.
A 12.9MW floating PV plant is set to be deployed at a hydropower reservoir in Albania thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD).
French firm’s winning bid of €24.89/MWh is less than half the initial ceiling price and shows tenders’ ability to deliver public goods in ‘fantastically competitive and imaginative ways’, says EBRD.
Balkan state says it is examining potential areas for solar to be rolled out in after launching EBRD-backed auction to contract utility-scale project near the coast.
