Serbia to be the home of world’s biggest solar park

24/05/2012 10:22 Renewable


The Serbian government has signed a memorandum to build what is claimed to be the largest solar park the world at an estimated cost of two billion euros (over $2.5 billion).

The planned solar park, which will cover an area of 3,000 hectares of land, would have an estimated capacity of 1,000MW. Once the construction of the solar park is achieved, the project will provide 500-600 permanent jobs, while 2500-3000 people will be hired for its construction. Construction of the park could be launched as early as next year and it will take between three and five years to be achieved. Serbia was selected for this huge project mainly because its sun radiation exceeds by around 40% that in other parts of South East Europe.

Daily (01.03.2021): Oil prices fell on Friday amid strong U.S. dollar, concerns of stronger supply, but notched weekly gains

01/03/2021 11:10:00

Oil prices fell on Friday amid a stronger U.S. dollar and concerns that crude oil supply would rise in response to prices rebounding above pre-pandemic levels. Hence, Brent crude declined by 75 cents, or 1.1%, to settle at $66.13 a barrel. Meanwhile, U.S. WTI crude settled $2.03, or 3.2%, lower at $61.50 per barrel. However, on a weekly basis, Brent surged by 5.1%, while WTI soared by 3.8% and both hiked by 20% in February on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination rollout.


Germany receives 200 hydrogen project applications in IPCEI call

01/03/2021 08:39:00

Germany's energy ministry has received around 200 hydrogen project proposals seeking funding under the Important Projects of Common European Interest (IPCEI) program, it said Feb. 25.


Netherlands built Europe’s biggest wind capacity in 2020

01/03/2021 08:32:00

The Netherlands has topped the list of countries with the highest wind capacity installed in 2020.