Photo: PixabayFintel 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 investment is estimated at 340 million euros.
The Agrosolar project will involve crop production and electricity generation with solar panels in the same place. 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 Agrosolar project 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. 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“, said Tiziano Giovannetti, CEO of Fintel Energija, according to balkangreenenergynews.com.
According to Andrija Vuković, CFO of MK Group, a plant for the production of green hydrogen powered by a solar power plant will be built in the second phase. “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“, Vuković said.
Source: balkangreenenergynews.com
