Serbia Advances 1 GW Solar Project with New Implementation Agreement

Plans to develop 1 GW of new solar capacity in Serbia are moving forward following the signing of an implementation agreement.

The contract was signed earlier this week by Serbia’s Minister of Mining and Energy, Dubravka Đedović Handanović, along with representatives from the state-owned power utility Elektroprivreda Srbije (EPS) and a consortium comprising Hyundai Engineering and UGT Renewables.

This agreement commits to the construction of six solar plants across Serbia, with the government approving the proposed sites in September. The largest project in this initiative is a 460 MW facility located in the Negotin and Zaječar regions, followed by a 302 MW plant in Bošnjace.

All six plants will connect to a unified transmission network and are projected to generate a combined total of 1,600 GWh of electricity annually. Additionally, the agreement includes the installation of 200 MW/400 MWh battery energy storage systems at the solar sites. The facilities are expected to be operational by mid-2028.

The Hyundai Engineering – UGT Renewables consortium was selected as the strategic partner last July and will operate the facilities for two years, after which EPS will take full ownership and management.

According to a statement from the Serbian government, solar energy represents the most effective solution for rapidly increasing green energy capacity without compromising the stability of the transmission network. Currently, over 60% of Serbia's electricity is generated from fossil fuels.

This contract is part of a broader push by Serbia’s Ministry of Mining and Energy this year, which includes plans for a 1 GW solar panel factory and an additional 500 MW of solar projects.