Serbia to accomplice with UGT Renewables in building of 1 GW of PV capability

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The Serbian government is in talks with the US American UGT Renewables about the construction of photovoltaic (PV) systems with a total installed capacity of 1 GW (gigawatts) in the entire Balkan country, the Serbian President’s office informed the news portal SeeNews on Monday.

The project provides for the construction of 2,000 hectares of solar panels that would offset 1.9 million tons of carbon dioxide (CO2) annually, the office said in a statement after the Department of Energy signed a cooperation agreement with UGT Renewables.

“We will talk about all the conditions, and if we collectively meet everything that is foreseen in the agreement, we can have solar panels that produce more than 1 GW of electricity. It is important for us to have cleaner air and the agreement is also important for us financially, in this way we are reforming and modernizing the entire energy sector and the future work of public companies, ”said President Aleksandar Vučić, according to a press release issued by the Ministry of Energy.

Under the agreement, Serbia and UGT Renewables will work together on the development of PV and electricity storage systems to harness Serbia’s potential to build energy capacity from renewable sources, the ministry said.

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