Hyundai and UGT Renewables to Build State Solar Power Plants of Large Capacities – Strategic Partners Selected for Raising of at Least Five Facilities of 1 GW in Total

The group of bidders which consists of Hyundai Engineering Co.LTD, Hyundai Eng. America Inc. and UGT Renewables LLC. will be the strategic partner of the Republic of Serbia on the construction of solar power plants of large capacities, according to the Government of Serbia’s decision.

This is the previously announced project of construction without management and maintenance of self-balancing solar power plants of large capacities with battery systems for the storage of electrical energy in Serbia. The future power plants will have a total installed power of 1 GW, and the plan is for the construction of solar power plants to be completed by June 1, 2028.

As said in the invitation, the project will be developed, built and handed over to the ownership of EPS as a turnkey project. That means that the strategic partners, in addition to building the solar power plants and battery system, will be obliged to build all the other infrastructure as well.

The project consists of two components: solar power plants and battery systems for the storage of electrical energy.

The solar power plants will have a total installed power of 1,000 MWac (that is, 1,200 MWdc), and in order to secure the optimal evenness of the production of electrical energy, the total installed power has to be distributed across five or more independent solar power plants.

The locations in which the solar power plants will be located, as well as the number and the installed power of each individual solar power plant, will be proposed by the strategic partner.

The battery systems for the storage of electrical energy, with a total installed power of at least 200 MW and a capacity of the accumulation of at least 400 MWh of electrical energy, will be distributed across several strategically important locations within the electrical energy system of Serbia.

The locations in which the battery systems for the storage of electrical energy will be located will also be proposed by the strategic partner.

The Agreement on Cooperation between the US company UGT Renewables LLC, which is in the business of renewable energy sources, and the Ministry of Mining and Energy of Serbia was signed back in August 2021. The intention of this Florida-based company, as said at the time, was to build solar panels of a total power of around 1,000 MW, on an area of around 2,000 hectares, in around ten locations throughout Serbia.

Nova.rs wrote that this Miami-based company was also in the running for the strategic partner for EPS.

I. Z.

Hyundai Engineering Co Ltd (HEC)

Vlada Republike Srbije

Elektroprivreda Srbije ad Beograd

Hyundai Engineering Co LTD

Hyundai Eng America Inc

UGT Renewables LLC

Government of Serbia

EPS

selection of the strategic partner for the realization of the project of construction of self-balancing solar power plants of large capacities

battery systems for the storage of electrical energy in Serbia

construction of state solar power plants

strategic partner for the construction of solar power plants

solar power plants of large capacities

Law on the Use of Renewable Energy Sources

battery systems