China’s Hunan Rich signs MOU for 1GW PV module factory in Serbia

The Serbian government signed a deal with Chinese firm Hunan Rich Photovoltaic Science and Technology to build a 1GW solar module production facility in Serbia. The Chinese company will invest €30 million over three years to establish the plant, located in Paraćin. Additionally, Hunan Rich will invest €280 million to build a 200MW solar PV project in Serbia. The government of Serbia aims to become a significant player in solar module and hydrogen production. Another agreement was made with China Energy International Group to construct an oil processing plant in Smederevo. These agreements follow Chinese president Xi Jinping's visit to Serbia. European solar manufacturing companies are facing challenges, with some relocating to the US due to policy changes aiming to support clean energy manufacturing in Europe.

Source:

https://www.pv-tech.org/hunan-rich-signs-mou-for-1gw-pv-module-factory-in-serbia/

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