Serbia Set to Built World's Largest Solar Park

Serbian Minister of Environment, Mining and Spatial Planning Oliver Dulic. File photo

The Securum Equity Partners Europe company will invest EUR 2 B in Serbia's project to build the world's largest individual solar park.

A memorandum on the project was signed on Tuesday in Belgrade by Serbian Minister of Environment, Mining and Spatial Planning Oliver Dulic and members of the company's management board, Tanjug informs.

Dulic said Serbia had no financial commitment in the investment, but expected to collect EUR 750 M in taxes over the next 20 years.

The park would have a capacity of 1,000 MWp, over a total area of 3,000 hectares. Some 500-600 jobs are expected to be created once the solar park is finished, while 2500-3000 people will be hired for its construction.

The power plant is expected to be ready in 3 to 5 years.

Serbia will lease land for the park free of charge for a period of 25 years.

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