The Government of Serbia has signed an agreement with the Hyundai Engineering-UGT Renewables consortium on building solar power plants with a total connection capacity of 1,000 MW (1,200 MW in nameplate capacity), along with battery systems for electricity storage of up to 200 MW/400 MWh. The signing will be followed by talks on financing terms. Once the construction is completed, the plants will be handed over to state power utility Elektroprivreda Srbije (EPS).

The strategic partnership agreement between Serbia and the Hyundai Engineering-UGT Renewables consortium was signed by Dubravka Đedović Handanović, Serbia’s minister of mining and energy, Dušan Živković, the...