Spain's Wind Alliance Group To Invest 420 Mln Euro in 350-MW Wind Park in Serbia - Media

The Spanish investor plans to build the wind park close to the town of Pancevo, in northern Serbia, b92 (www.b92.net) quoted Spanish ambassador in Belgrade Inigo de Palacio Espana as saying.

The project has been in the works for a year, he said.

Espana signed on Monday a memorandum of understanding with Serbia's Energy Minister Petar Skundric on behalf of the Spanish Agency for International Development Cooperation for the promotion of the use of solar energy in Serbia, further technology development and a solar energy pilot project.

Solar energy makes 14% of Serbia’s renewable energy potential, Espana said. The Balkan country could release two million tonnes of carbon dioxide less if 2.5 million of its households switch to solar energy for water heating. Serbia is a country of about 7.4 million people.

($=0.6878 euro)