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Nenad Trkulja, the head of the project, added that the HSE would revive electricity production in the area, but in a environmentally-friendly way, without greenhouse gas emissions

The solar plant is expected to operate entirely on market principles, based on corporate power purchase agreements with private or public customers, according to the company

Half of the 140 megawatts will be sold at EUR 24,89 per megawatt-hour through a 15-year power sale contract with the Albania State, with the other half to be sold through another long-term power sale contract negotiated in the market

A renewable energy project, financed by the European Union, supported two Croatian towns and a city in Serbia in improving their energy efficiency. Under the R-Sol-E solar energy initiative the project partners managed to decrease the energy consumption

The new solar plant is ELEM’s first and it will produce nearly 15 GWh a year of electricity once it becomes operational