The US company UGT Renewables LLC, which is in the business of renewable energy sources, and the Serbian Ministry of Mining and Energy of Serbia have signed a cooperation agreement stipulating the construction of photovoltaic (PV) plants with a total installed capacity of 1 GW across Serbia.
The agreement was signed by the minister of mining and energy of Serbia, Zorana Mihajlovic, and the finance manager at UGT Renewables LLC, Peter Goodall. The signing was attended by the US ambassador to Serbia, Anthony Godfrey.
The project envisages the construction of solar plants on 2,000 hectares of land that would offset 1.9 million tonnes of carbon dioxide (CO2) emissions annually, the office of Serbian president’s Aleksandar Vucic said in a statement after the energy ministry signed a cooperation agreement with UGT Renewables.
“We will talk about all the conditions, and if we fulfill everything envisaged under the agreement together, we can have solar panels that will produce more than 1 GW of electricity. It is important for us to have cleaner air, and the agreement is also financially important for us. In this way, we can reform and modernize the entire energy sector and the future work of public companies,” Vucic said, according to a separate press release issued by the energy ministry.
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