The US company UGT Renewables LLC, which is in the business of renewable energy sources, and the Serbian Ministry of Mining and Energy of Serbia have signed a cooperation agreement stipulating the construction of photovoltaic (PV) plants with a total installed capacity of 1 GW across Serbia.

The agreement was signed by the minister of mining and energy of Serbia, Zorana Mihajlovic, and the finance manager at UGT Renewables LLC, Peter Goodall. The signing was attended by the US ambassador to Serbia, Anthony Godfrey.

The project envisages the construction of solar plants on 2,000 hectares of land that would offset...