Serbia hopes to sign a contract soon with Chicago-based UGT Renewables for the installation of photovoltaic systems with a combined capacity of 1 GW, President Aleksandar Vučić said. The company’s CFO Peter Goodall revealed domestic construction firms would be involved in the project.
The Export-Import Bank of the United States or EXIM offered a 20-year financing package to Serbia for 85% of the value of a potential 1 GW solar power deal that the government wants to agree with UGT Renewables, President Aleksandar Vučić told the press.

The Ministry of Mining and Energy signed a memorandum of understanding with...