Serbia signs agreement with Hyundai Engineering-UGT
In November 2023, the Government of Serbia selected the Hyundai Engineering-UGT Renewables consortium as the top bidder in a public call for a strategic partner for
In November 2023, the Government of Serbia selected the Hyundai Engineering-UGT Renewables consortium as the top bidder in a public call for a strategic partner for
The project will enable Serbia to attain its energy transition goals and meet its international obligations, while eliminating the need for electricity imports and securing long
The project is expected to eliminate the need for electricity imports during dry periods, enhancing EPS''s capacity to generate power from domestic sources. Energy expert
In November 2023, the Government of Serbia selected the Hyundai Engineering-UGT Renewables consortium as the top bidder in a
An implementation agreement is in place between Serbia''s Ministry of Mining and Energy, utility company Elektroprivreda Srbije (EPS) and a consortium of Hyundai Engineering
Belgrade''''s photovoltaic energy storage project bidding has become a focal point for global renewable energy developers. With Serbia aiming to generate 40% of its electricity from
Delivering the utmost flexibility to the Serbian government, the Large-Scale Solar and Battery Energy Storage Project being developed by UGT
An implementation agreement is in place between Serbia''s Ministry of Mining and Energy, utility company Elektroprivreda Srbije
As we approach Q4 2025, watch for Belgrade''s first virtual power plant aggregating 5,000 residential storage units—a game-changer for grid flexibility during winter peaks.
This project marks Serbia''s first strategic partnership in the renewable energy sector and stands as the largest solar and battery storage initiative in the country.
Representatives of Hyundai Engineering and UGT Renewables, the companies developing a solar power project in Serbia of 1.2 GW in total, and with batteries, said the
The project will enable Serbia to attain its energy transition goals and meet its international obligations, while eliminating the need for
This project marks Serbia''s first strategic partnership in the renewable energy sector and stands as the largest solar and battery
BELGRADE, October 16, 2024 – The government of Serbia has signed a deal with a consortium of US player UTG Renewables and South Korea''s
BELGRADE, October 16, 2024 – The government of Serbia has signed a deal with a consortium of US player UTG Renewables and South Korea''s Hyundai Engineering & Technology for the
Delivering the utmost flexibility to the Serbian government, the Large-Scale Solar and Battery Energy Storage Project being developed by UGT Renewables will be owned and operated by
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The Government of Serbia has signed an agreement with the Hyundai Engineering-UGT Renewables consortium on building solar power plants with a total connection capacity of 1,000 MW (1,200 MW in nameplate capacity), along with battery systems for electricity storage of up to 200 MW/400 MWh. The signing will be followed by talks on financing terms.
Up to 200 MW of battery storage will be developed across the sites. Image: Ministry of Mining and Energy, Tanjug Plans for 1 GW of new solar in Serbia are set to go ahead after the signing of an implementation agreement.
A statement published on the Serbian government’s website says solar is the most optimal solution to quickly reach large capacities from green sources, without burdening and endangering the stability of the transmission network. Serbia currently gets more than 60% of its electricity from fossil fuels.