Serbia secures $2.2 bln investment from China for renewable energy facilities by 2024
Feb 02,2024 | DAXTROMNSOLAR
Serbia has recently secured a $2.2 billion investment from China for the development of renewable energy facilities by 2024. This agreement aims to strengthen Serbia's renewable energy sector and reduce its dependence on fossil fuels. China has shown interest in investing in Serbia's renewable energy infrastructure due to the country's favorable geographical location and potential for green energy production.
This investment will primarily focus on the construction of wind farms, solar power plants, and hydropower facilities. These renewable energy projects will help Serbia transition towards a more sustainable and environmentally friendly energy system, contributing to the global fight against climate change. Additionally, these initiatives will stimulate economic growth, create job opportunities, and improve the quality of life for Serbian citizens.
The commitment from China aligns with Serbia's objective to produce 27% of its energy from renewable sources by 2020 and 40% by 2040. This collaboration between the two countries demonstrates the importance of international cooperation in addressing climate challenges and achieving sustainable development goals.
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