Chinese firms eye 1.5 GW wind, solar project in Serbia

"The plan is to achieve an energy production of 1,500 MW, and the project is expected to reach an output of as much as 2,000 MW,” said energy minister Dubravka Djedovic-Handanovic in a press release on Friday.

“This plant would produce green hydrogen, enabling Zijin, [which has a copper-gold mine in Bor], to reduce costs. Investments of around 2 billion euro ($2.1 billion) are planned for the development and construction of wind power plants, solar farms, energy storage for hydrogen production, and hydrogen fuel energy production technology," Djedovic-Handanovic added.

Zijin would assume full responsibility for electricity production, converting any surplus not used by the Bor mine into hydrogen. The plan includes a storage capacity for 30,000 tonnes of hydrogen annually, alongside a 10 million euro investment for an industrial park dedicated to wind tower production.

Shanghai Fengling Renewables has already registered a company in Serbia and is starting recruitment to work on the development and realisation of this project.

In September, Zijin Mining Group signed an agreement for a 300 MW solar power plant project to meet the company's energy requirements.

$ = 0.9369 euro