Great Opportunities for Serbia to Become Exporter of Green Hydrogen – Investments in Industrial Park for Production of Wind Towers Planned Too

The Chinese company Shanghai Fengling Renewable is interested in investments in the production and storing of capacities from renewable energy sources in Serbia, especially green hydrogen, which is the future of world energy.

– Serbia would thereby take an important place in Europe in the production of hydrogen and position itself in the future as an exporter of this energy source. This company, together with our strategic partners from Zijin Mining Group, is considering potential construction of a hybrid facility, a solar and wind power plant in the Bor area, which would produce green hydrogen, and for Zijin, this would enable a reduction in costs – explained the minister of mining and energy of Serbia, Dubravka Djedovic Handanovic, who talked to representatives of the company Shanghai Fengling Renewable.

As said in an announcement of the Government of Serbia, she added that investments of around EUR 2 billion in the development and construction of wind and solar farms, the storage of energy for the production of hydrogen and the technology of the production of energy with hydrogen fuel were planned.

Djedovic Handanovic explained that the realization of the potential investment would use the possibilities of wind energy in the Bor area and improve the efficiency of the production of electrical energy. According to her, the plan is to secure the production of energy of 1,500 megawatts, and the project is expected to reach the production of as much as 2,000 megawatts.

The complete production of electrical energy, as she pointed out, would be taken over by Zijin, whereas the surplus energy would be turned into hydrogen.

– In addition to meeting the needs of the consumption of electrical energy in the mine, renewable energy would be used for the production of hydrogen which would act as a storage of green energy, with a production capacity of 30,000 tons a year. Investments of EUR 10 million in the construction of an industrial park for the production of wind towers are also planned. Serbia is in the process of energy transition in which we want to achieve a 45% share of RES in the production of electrical energy by 2030 with the full utilization of our natural potentials – the minister said.

Shanghai Fengling Renewable has already registered a company in Serbia and is beginning to employ people in order to work on the development and realization of this project.

Vlada Republike Srbije

Ministarstvo rudarstva i energetike Republike Srbije

Serbia Zijin Mining d.o.o. Bor

European Union

EU

Government of Serbia

Ministry of Mining and Energy

Shanghai Fengling Renewable

Zijin Mining Group

Dubravka Djedovic Handanovic

green hydrogen

hydrogen fuel

wind energy

industrial parks

renewable energy sources

RES

fossil fuels