Renewables

CMS Belgrade advises UGT Renewables on landmark 1 GW solar and battery storage project in Serbia

Solar panels green energy Business people working in green eco friendly office business meeting creative ideas for business eco friendly professional teaching corporate people sustainable electricity project business

Foto: iStock

Published

October 28, 2024

Country

Comments

comments icon

0

Share

Published:

October 28, 2024

Country:

Comments:

comments icon

0

Share

CMS Belgrade has advised UGT Renewables, a US-based solar energy and storage developer, on a strategic partnership for the development and construction of solar power plants and battery storage facilities in Serbia.

CMS Belgrade’s full-scope legal advice covered energy, real estate, construction, corporate, public procurement, and financing matters. The CMS team was led by Managing Partner Radivoje Petrikić, alongside Ivan Gazdić, Tamara Zejak, Marija Marošan, Teodora Vujošević, Milica Popović, and Jelena Đorđević. CMS is also advising UGT Renewables on similar projects in Montenegro and North Macedonia.

The project marks Serbia’s first strategic partnership in renewable energy sector

The project, to be owned and operated by Serbia’s state power utility Elektroprivreda Srbije (EPS), boasts a total installed capacity exceeding 1 GW, with a 200 MW/400 MW/h battery storage component. 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. The consortium behind the project includes UGT Renewables and Hyundai Engineering Co. Ltd, working in partnership with EPS and Serbia’s Ministry of Mining and Energy.

1 GW solar project is a step forward in decarbonizing Serbia’s energy sector

This project is set to contribute significantly to Europe’s green transition. Serbia, while not an EU member, is part of the Energy Community Treaty and is increasingly aligning its policies with EU energy goals. With the European Union’s ambitious climate goals, such as the Green Deal aiming for carbon neutrality by 2050, projects like this are in line with the continent’s renewable energy agenda. The 1 GW solar project is a step towards decarbonizing Serbia’s energy sector and contributes to Europe’s overall progress in renewable energy deployment.

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

montenegro epcg nte energy norway memorandum bulatovic Inge Forseth

Montenegro’s EPCG, NTE Energy sign memorandum of understanding

30 July 2025 - The memorandum of understanding confirms mutual commitment to intensifying cooperation in the renewable energy sector in Montenegro

bulgaria sunotec sungrow bess battery storage

Sunotec, Sungrow sign 2.4 GWh battery storage agreement

29 July 2025 - China-based Sungrow and Bulgarian-German company Sunotec have agreed to install 2.4 GWh of battery energy storage systems in Europe

Two small hydropower turbines to be integrated with Sofia water supply lines

Two small hydropower turbines to be integrated into Sofia water supply lines

28 July 2025 - Veolia received a green light from Bulgaria's capital city to install two hydropower generators within the city's major water supply lines

slovenia geothermal energy verde energy soyak concession

Slovenia awards first concession for geothermal exploration

28 July 2025 - It is the first concession awarded for geothermal energy, marking an important step toward decarbonizing the Pomurje region