Renewables

Balkans’ first agrisolar project gets off the ground in Serbia

agrosolar kula fintel mk group powerchina

Photo: MK Group

Published

May 4, 2022

Country

Comments

comments icon

0

Share

Published:

May 4, 2022

Country:

Comments:

comments icon

0

Share

Fintel Energija and MK Group have signed a memorandum of understanding with PowerChina, marking the launch of the Agrosolar project in the Serbian municipality of Kula, the first of its kind in the Balkan region.

The Agrosolar project will involve crop production and electricity generation with solar panels in the same place. The total capacity of the solar panels is expected to be 660 MW, making it the largest solar power plant in Europe, as the biggest one currently is the 500 MW Nunez Balboa in Spain. However, a project with a capacity of 1,000 MW has been announced in France, along with a 950 MW solar power plant that is to be built in Croatia.

The investment is estimated at EUR 340 million

MK Group said the project, which enables sustainable agricultural production under solar panels, is the first of its kind in the Balkans and the largest in Europe. The investment has been estimated at EUR 340 million.

Tiziano Giovannetti, CEO of Fintel Energija, said the construction of a 50-kilowatt pilot solar park, which will begin in the next three months, is a particularly important step. The Agrosolar project, according to him, will span 770 hectares in the municipality of Kula. The solar power plant will have a capacity of 660 MW, and the planned annual production of green energy is about 832 GWh, enough to meet the needs of about 200,000 households.

A 50 kW pilot facility will be installed in the coming months

In this way, the company continues to contribute to achieving Serbia’s goal to increase the share of energy from renewable sources to at least 40% by 2040, according to Giovannetti.

According to Andrija Vuković, CFO of MK Group, the Agrosolar project brings great innovation through the synergy of green energy and sustainable agriculture.

The investors also plan to produce green hydrogen

The project will introduce further innovation to the Serbian energy sector, as a plant for the production of green hydrogen powered by a solar power plant will be built in the second phase, he said. In addition to green hydrogen, this technology will enable the production of 300 tons of urea mineral fertilizer per day, obtained in a completely sustainable way, according to Vuković.

Yang Bo, PowerChina’s representative in Serbia, said that the signing of the document formalizes the Chinese company’s cooperation and partnership with Fintel Energija and MK Group, pioneers and leaders in Southeast Europe in this field.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

croatia sweden Koncar substation Vattenfall contract

Croatia’s Končar signs its largest contract for substation construction

12 March 2025 - Croatian engineering firm Končar has signed its largest-ever contract to build a transformer substation, worth EUR 18.4 million

eu energy storage inventory map

14 GW of energy storage capacity under construction in Europe

12 March 2025 - There are 147 energy storage projects under construction in Europe, totaling 14 GW, according to the European Energy Storage Inventory

montenegro bess batteries epcg US China Japan

Montenegro’s EPCG discussed BESS project with companies from US, China, Japan, region

11 March 2025 - Elektroprivreda Crne Gore said in September that it started the preparations to install battery energy storage systems

electric vehicles ev ice costs savings eurelectric report

EV owners could save EUR 2,900 through smart charging, providing flexibility services

11 March 2025 - EV owners can achieve savings by using off-peak charging, V1G (time-of-use) charging, and V2G charging, according to Eurelectric and EY