Memorandum signed for "world's biggest solar park"

Government representatives and those of Securum Equity Partners Europe signed on Tuesday a memorandum on the construction of a solar park in Serbia. The project is being touted as "the world's largest individual solar park". Memorandum signed for "world's biggest solar park" The memorandum was signed on Tuesday in Belgrade at the Serbian government HQ by Minister of the Environment, Mining and Spatial Planning Oliver Dulic and members of the company's management board Alessio Colussi and Ivan Matejak, in the presence of Prime Minister Mirko Cvetkovic. Dulic said the park would have a capacity of 1,000 MWp, over a total area of 3,000 hectares, and for a total value of about EUR 2 billion. Construction is expected to take three to five years and involve 2,500 to 3,000 people, and the finished park will employ 500 to 600 workers, he said. Dulic said Serbia had no financial commitment in the investment, but expected to collect EUR 750 million in taxes over the next 20 years. MX Group, one of Europe's leading solar panel manufacturers, will work on the project and is expected to move its production to Serbia, along with its subcontractors, which would create an additional 1,000 jobs, Dulic added. Matejak said construction could start as early as the beginning of next year, if an adequate plot was found and permits secured. He said the company chose Serbia due to the fact its sun radiation exceeds that in other parts of South East Europe by around 40 percent, adding it was still looking for an exact location for the park. Serbia was also chosen because it has a serious industrial tradition, a highly qualified labor force and all levels of government were open to cooperation, he added. Cvetkovic stressed it was important the project was export-oriented, would employ Serbian workers and introduce new technologies, which was why it had the government's support. The prime minster specified the solar panels used in the park would come from abroad, but there was a chance production would be moved to Serbia. Cvetkovic said energy was of crucial importance for the development of any country and Serbia had made significant investments in the sector in recent years, primarily in overhauling existing infrastructure to improve the efficiency and stability of its energy supply. Serbia will lease land for the park free of charge for a period of 25 years. (Tanjug) Tanjug

Memorandum signed for "world's biggest solar park"

The memorandum was signed on Tuesday in Belgrade at the Serbian government HQ by Minister of the Environment, Mining and Spatial Planning Oliver Dulić and members of the company's management board Alessio Colussi and Ivan Matejak, in the presence of Prime Minister Mirko Cvetković.

Dulić said the park would have a capacity of 1,000 MWp, over a total area of 3,000 hectares, and for a total value of about EUR 2 billion.

Construction is expected to take three to five years and involve 2,500 to 3,000 people, and the finished park will employ 500 to 600 workers, he said.

Dulić said Serbia had no financial commitment in the investment, but expected to collect EUR 750 million in taxes over the next 20 years.

MX Group, one of Europe's leading solar panel manufacturers, will work on the project and is expected to move its production to Serbia, along with its subcontractors, which would create an additional 1,000 jobs, Dulić added.

Matejak said construction could start as early as the beginning of next year, if an adequate plot was found and permits secured.

He said the company chose Serbia due to the fact its sun radiation exceeds that in other parts of South East Europe by around 40 percent, adding it was still looking for an exact location for the park.

Serbia was also chosen because it has a serious industrial tradition, a highly qualified labor force and all levels of government were open to cooperation, he added.

Cvetković stressed it was important the project was export-oriented, would employ Serbian workers and introduce new technologies, which was why it had the government's support.

The prime minster specified the solar panels used in the park would come from abroad, but there was a chance production would be moved to Serbia.

Cvetković said energy was of crucial importance for the development of any country and Serbia had made significant investments in the sector in recent years, primarily in overhauling existing infrastructure to improve the efficiency and stability of its energy supply.

Serbia will lease land for the park free of charge for a period of 25 years.