Companies Fintel Energija and MK Group signed a memorandum of understanding with the Chinese company PowerChina, which started the realization of the joint project Agrosolar in Kula, and that investment is worth 340 million euros, it was announced today.
Having positioned themselves as leaders in the production of electricity from wind energy, Fintel Energija and MK Group are starting a pioneering venture that uses solar energy and at the same time enables sustainable agricultural production under solar panels.
It is, as it is stated, the first project of that type in the Balkans and the largest in Europe, and the value of the investment is 340 million euros.
“By signing this agreement, we have defined a clear interest of both sides to take part in the largest agro-solar project in Europe. A particularly important step is the construction of a pilot solar park of 50 kilowatts, which will begin in the next three months,” the statement said.
The Agrosolar project will cover 770 hectares in the municipality of Kula. The solar power plant will have a capacity of 660 megawatts, and the planned annual production of green energy is about 832 gigawatt hours, which meets the needs of about 200,000 households.
“In this way, we continue to contribute to the goal of Serbia to increase the share of energy from renewable sources to at least 40 percent by 2040,” said Fintel Energy Director General Tiziano Giovannetti.
Andrija Vukovic, Director of the Finance and Risk Department of the MK Group, said that Agrosolar brings great innovation through the synergy of green energy and sustainable agriculture.
According to him, both areas have long been part of the MK Group’s agenda, but also of Serbia’s national strategy, and the project will bring another innovation to the Serbian energy sector, as a green hydrogen production plant will be built from the second phase. solar power plants.
“Apart from green hydrogen, this technology will also enable the daily production of 300 tons of urea mineral fertilizer, obtained in a completely sustainable way,” said Vukovic.
The Chinese company PowerChina is one of the largest construction companies in the world when it comes to infrastructure and the energy sector.
“We look forward to working on the project and the common goal of developing renewable energy in Serbia and contributing to carbon neutrality,” said Yang Bo, PowerChina’s representative in Serbia.
In 2015, Fintel Enragia and MK Group opened the Kula wind farm, with a total installed capacity of 9.9 MW, and a year later another La Piccolina, with an installed capacity of 6.6 MW. With the launch of the wind farm “Košava” in Izbište in 2019, with an installed capacity of 69 MW, 45,000 inhabitants use green electricity.