PowerChina pledges 340 million euros to build solar project in Kula with MK Group and Fintel Energija

$340M USD

Funder	Sinohydro Corporation Limited
Recipient Organization	Serbia
Country	Serbia
Start Date	May 04, 2022
End Date	Jul 17, 2032
Duration	3,727 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`103323`

Grant Description

On May 4, 2022, a press release announced that PowerChina, MK Group, and Fintel Energija had signed a Memorandum of Understanding to build a new Agrosolar project. The Agrosolar project will cover 770 hectares in the municipality of Kula.

The solar power plant will have a capacity of 660 megawatts, and the planned annual production of green energy is about 832 gigawatt hours, which meets the needs of about 200,000 households.

📚 Sources & References

Serbian
Chinese companies sign €340mn solar power plant deal
Fintel
MK Group sign MoU with PowerChina on 340 mln euro agrivoltaic plant in Serbia
PowerChina interested in renewable energy projects in Serbia
Serbia: MK Group signs MoU with PowerChina for agrivoltaic plant
Power plant profile: Agrosolar Kula PV Park
Serbia
Balkans’ first agrisolar project gets off the ground in Serbia Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.