Serbia has signed an agreement to enable the Chinese company Shanghai Fengling Renewables and Serbia Zijin Copper to build a €2bn hydrogen and power generation plant, known as an electrolysis station.
This cooperation will entail an investment of €2 billion that will lay the ground for not only wind farms but also solar power plants having a combined capacity of 2,000 MW, whereas the country’s Green Hydrogen production unit will be set up and produce 30,000 tons a year.
This is currently Serbia’s largest green energy project, larger than a 1,000 MW solar power project with storage it has committed to under the memorandum of understanding that is being rolled out. Highlighting the importance of this memorandum, the Ministry of Mining and Energy said it was the country’s biggest single investment in facilities using renewable energy so far.
In specifics of the project, Minister of Mining and Energy Dubravka Đedović mentioned power plants close to the city of Bor, where Serbia Zijin Copper operates. Except wind farms with the capacity of 1,500 MW and the estimated 500 MW photovoltaic park, it comprises a green hydrogen plant.
He also emphasized that green hydrogen might be used as energy storage medium on the electrification derived from wind and solar. The investment will be via Shanghai Fengling Renewables, and Serbia Zijin Copper is going to be the main customer at the produced electricity.
The construction works of the first (700 MW) will start early in 2025 with completion by mid-2026. First power at full capacity of 2,000 MW and the targeted green hydrogen production is set to begin in 2028.
This is in line with Serbia’s objective to improve its sustainable power production towards the betterment of the environment and utilizing internal wind and solar resources. The Chinese Ambassador to Serbia, Li Ming said that China will be continuing support in all affairs which are focused on boosting the economic development of Serbia and serve its people.
The development joins Serbia’s current 406 MW wind power capacity right now with plans for an additional 425 MW supported by government premiums and nearly 22,000 MW in transmission grid connection requests.
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