Renewables

US, Serbia discuss ways to boost energy ties

djedovic-farrrell-hill-us-serbia-energy-cooperation

Photo: Emilija Jovanović

Published

November 13, 2023

Country

Comments

comments icon

0

Share

Published:

November 13, 2023

Country:

Comments:

comments icon

0

Share

Serbian Minister of Mining and Energy Dubravka Đedović Handanović has met with Diane Farrell, the US Deputy Under Secretary for International Trade, to discuss ways to improve energy cooperation between the two countries.

According to Minister Đedović Handanović, Serbia plans to decarbonize its energy sector by 2050, and is preparing to adopt strategic documents that will define directions and plans for the energy sector development in the coming decades. To that end, the country needs to invest some EUR 15 billion over the next ten years, she recalled.

Đedović Handanović also recalled that Serbia has selected a consortium of Hyundai Engineering, Hyundai ENG America, and UGT Renewables as a strategic partner for the construction of 1 GW of solar power facilities, adding that the undertaking is among the capital projects set out in the Plan for the Development of Energy Infrastructure and Energy Efficiency Measures for the period up to 2028, with projections up to 2030.

Đedović Handanović: the 1 GW of solar power plants will be owned by Serbia

“We are building solar power plants with a capacity of 1 GW through a strategic partnership and they will remain the property of the Republic of Serbia,” she said, adding that the partner was chosen with strict adherence to public bidding rules.

Serbia has made significant progress in developing the regulatory framework and implementing reforms, especially in the natural gas and renewable energy sectors, she said, stressing that this has been recognized by the European Union (EU).

Farrell: US companies interested in investing in Serbia’s energy sector

Diane Farrell commended the efficient implementation of the Serbia-Bulgaria gas interconnector project, stressing that the diversification of gas supply is important for energy security and business predictability.

Farrell also conveyed the interest of American companies in investing in Serbia’s energy sector. US Ambassador to Serbia Christopher Hill also attended the meeting.

Hyundai Engineering, Hyundai ENG America, and UGT Renewables have been selected to build a group of solar power plants with energy storage systems and hand them over to Serbia’s state-owned power utility Elektroprivreda Srbije (EPS), in what would be the country’s first strategic partnership in the sector.

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

PV plant Maglizh 160 MW in Bulgaria test phase

PV plant Maglizh of 160 MW in Bulgaria to enter test phase

10 December 2024 - The Maglizh photovoltaic facility of 160 MW in peak capacity is nearing the test phase, after overcoming complex issues in development

Greece exports one third of its electricity to neighboring countries

Greece exporting one third of its electricity to neighboring countries

10 December 2024 - Greece has become a net exporter of electricity, providing up to a third of its daily production to neighboring countries

EU industry electricity Eurelectric CEFIC European Aluminium Antwerp Dialogues

Electricity producers, consumers suggest six measures to strengthen competitiveness of Europe’s industry

10 December 2024 - This year, for the first time, Eurelectric came together with representatives of energy-intensive sectors CEFIC and European Aluminium in the Antwerp Dialogues

HUPX merges into regional power exchange ADEX

HUPX merges into regional power exchange ADEX

10 December 2024 - ADEX Group completed the merger with Hungarian Power Exchange (HUPX), becoming its sole shareholder. The holding includes BSP and SEEPEX