Americans arrive in Serbia: They are planning SOLAR PANELS covering 2,000 ha
The US company UGT Renewables LLC plans to install solar panels on ten locations covering the area of 2,000 hectares, which would produce one gigabyte of electricity per year.
That is three percent of the total energy produced in Serbia, it was stated at the signing of the agreement.
Minister of Mining and Energy, Zorana Mihajlovic, and Financial Director of UGT Renewables LLC, Peter Goodall, signed an agreement on cooperation in the production of clean energy in the presence of President of Serbia, Aleksandar Vucic.
Vucic said that this was the beginning of a new era in the production of clean energy, “an important step into the future, crucial for economic development and success within the green agenda”.
“The production of electricity from solar sources that will be used by UGT Renewables LLC will reduce carbon dioxide emissions by 1.9 million tons per year. Citizens will have a better quality of life, they will breathe cleaner air,” Vucic said.
He added that the total emission of carbon dioxide in Serbia was 51 million tons a year, so the US investment would lead to Serbia paying lower “carbon tax”, which would be introduced by the European Union in 2026.
He also noted that the project would help to better balance the electricity balances, so that electricity could be sold when it was more expensive, and imported when it was cheaper.