Terna interested in Securum One Giga project in Serbia

, News Serbia Energy

Construction of the biggest solar park in the world that should be constructed in Serbia hasn’t started yet and the project attracts big number of foreign companies.

As it was published on website of Ministry of Energy, Italian Company “Terna Group” which is one of the world’s leaders in electricity transmission system is very interested for participation in the project “ONE GIGA” together with the Company “Securum Equity Partners”.

Famous as “ONE GIGA project, the solar park 1.000 MW strong is divided into 100 facilities 10 MW strong that will produce 1.220 GWH per year.

Solar park whose total value amounts 1,28 billion EUR will be constructed on the 3.000 ha big surface and the Company “Securum Equity Partners” together with Serbian Government is working on finding the most comfortable location for the project realization.

The fact is that many multinational companies are already competing for participation in the project is not surprising at all, considering the most comfortable locations for project realization.

“Serbia won’t take any expenses of construction or maintenance of the park. On contrary, Serbia is estimated to have 800 million dollars income only from taxes while domestic product would be increased for 200 million EU on annual plan”, Alession Colussi, the President of the Company “Securum Equity Partners”, stressed.

Considering that Serbia adopted recent directives from EU that are in relation to renewable energy sources’ sector and which are dictating renewable energy quota increase by 20% to 2020. It is an increase from current 29 to 37 percent of domestic energy from renewable sources. Related to that, “ONE GIGA” project represents a great opportunity for Serbia to decrease backlog by 40%.

Next to imposing incomes in domestic budget, solar park will give numerous work places. As a reason for choosing Serbia for construction of the biggest solar park in the world, Company “Securum Equity Partners” stated number of sunny days i.e. the fact that Serbia has more sunny days than Germany for example, which has the most installed MWs from photovoltaic systems in Europe. Park construction is expected to begin in 2014 and to last in phases by 2016 if cooperation of all Serbian supervisory organs is guaranteed.