An investment worth two billion euros

Dubravka Djedović Handanovic: The project involves the construction of facilities in the vicinity of Bor with a capacity of two gigawatts, of which 1,500 megawatts of energy will be produced through wind power plants, and 500 megawatts of energy will be obtained from a solar power plant. The project also includes the construction of a plant for the production of green hydrogen with a capacity of about 30,000 tons per year. – The beginning of construction of facilities is planned for the first quarter of next year, and the first phase of 700 megawatts should be completed by mid-2026. – By the end of 2028, the entire project should be completed, i.e. all 2,000 megawatts and the green hydrogen production capacity of 30,000 tons per year should be reached, the Minister of Mining and Energy announced. – The general manager of Serbia Zijin Copper Qiu Guozhu said that by signing this memorandum, Chinese companies continue to invest in Serbia, especially in the field of renewable energy sources, supporting sustainable development and environmental protection.

BELGRADE. – The Minister of Mining and Energy, Dubravka Djedović Handanovic, signed today on behalf of Serbia a Memorandum of Understanding with the companies Shanghai Fengling and Serbia Zijin Copper on investments in renewable energy sources. Chinese Ambassador in Belgrade Li Ming attended the signing ceremony of this document.

Djedović Handanović said that in the past year, Serbia has made significant strides in the green energy transition, primarily by improving the legislative framework and successfully conducting the first auctions in the field of RES.

This, as the minister emphasized, was also recognized by the Energy Community, which designated Serbia as a leader in implementing reforms among its members.

– With the signing of the Memorandum, the implementation of the single largest project in the field of renewable energy sources in Serbia began, which will be implemented by the Chinese companies Shanghai Fengling and Serbia Zijin Copper, of which Serbia is a co-owner – said the minister.

She explained that this project involves the construction of facilities in the vicinity of Bor with a capacity of two gigawatts, of which 1,500 megawatts of energy will be produced through wind power plants, and 500 megawatts of energy will be obtained from a solar power plant. The project also includes the construction of a plant for the production of green hydrogen with a capacity of about 30,000 tons per year.

The total investment amounts to about two billion euros, and the investor is the Chinese company Shanghai Fengling. The produced energy will be used for the needs of production in Zijin, which is one of the largest exporters in Serbia and is constantly increasing production, especially after the completion of the reconstruction of the smelter in Bor last year – emphasized Djedovic Handanovic.

She added that in addition to direct investments in environmental protection in mining production, this project will enable a large part of the electricity for the needs of Serbia Zijin Copper to be produced in a sustainable way, without fossil fuels and negative effects on the environment.

That energy will be produced here in Serbia, in the Bor district, using our solar and wind energy potentials – the minister pointed out.

The start of the construction of facilities is planned for the first quarter of next year, and the first phase of 700 megawatts should be completed by mid-2026.

By the end of 2028, the entire project should be completed, i.e. all 2,000 megawatts and the green hydrogen production capacity of 30,000 tons per year should be reached – Djedovic Handanovic announced.

According to her, this investment will enable the creation of 300 to 500 new jobs, mainly related to the RES sector, and they will have a high level of earnings.

With this project, Serbia becomes one of the European centers in the field of production and equipment for RES projects, as well as green hydrogen, and equipment for projects in the field of RES. Also, it will contribute to the achievement of our goals in the field of energy security and independence, but also to the achievement of the ambition to reach carbon neutrality by 2050 – concluded the minister.

The general manager of Serbia Zijin Copper Qiu Guozhu said that by signing this memorandum, Chinese companies are continuing their investments in Serbia, especially in the field of renewable energy sources, supporting sustainable development and environmental protection. He pointed out that Serbia Zijin Copper opened new jobs in previous years, improved the skills of employees and increased wages, and invested considerable funds in environmental protection. Qiu Guozhu gave his full support to the “Leap into the Future – Serbia 2027” program, where mining is recognized as an important pillar of Serbia’s growth and development, and added that Zijin Copper is planning new investments that will contribute to this.