Friday, June 14, 2024

China’s Hunan Rich plans 1 GW photo voltaic panel manufacturing facility in Serbia – pv journal International

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The Chinese firm Hunan Rich Photovoltaic Science and Technology is about to speculate greater than €300 million within the growth of a 1 GW photo voltaic panel manufacturing facility and a 200 MW solar energy plant in Serbia. The settlement is one among two signed by the nation’s Minister of Mining and Energy with Chinese firms this week.

Hunan Rich Photovoltaic Science and Technology and Minister of Mining and Energy of Serbia, Dubravka Đedović Handanović, signed this week a memorandum of understanding for the development of a photo voltaic panel manufacturing facility and photo voltaic plant within the nation.

The Chinese firm, based mostly in Changsha, the capital of China’s Hunan province, has dedicated to growing a 1 GW photo voltaic panel manufacturing facility in Paraćin, central Serbia, by means of a €30 million funding over three years. .

Hunan Rich can even make investments a further €280 million for the development of a 200 MW solar energy plant, Đedović Handanović stated.

The settlement is one among two signed by the minister with Chinese vitality firms this week. The second framework settlement with China Energy International Group will see the development of a plant for the processing of oil and oil derivatives in Smederevo, japanese Serbia, by means of a €2 billion funding.

Combined, the three tasks are anticipated to assist the direct employment of 700 individuals, together with 180 individuals within the photo voltaic panel manufacturing facility, and the oblique employment of a further 2,400.

Serbia, which had 137 MW of deployed photo voltaic on the finish of final yr, introduced plans for its second renewables public sale in February.

In January, Đedović Handanović signed a memorandum of understanding with Shanghai Fengling Renewables for the development of a number of renewable tasks all through Serbia, together with 500 MW of photo voltaic. The nation’s first photo voltaic panel producer, Domi Eko Solar, activated the 150 MW TOPCon module manufacturing facility on the finish of final yr.

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