The Serbian government has signed a memorandum of understanding with a Luxembourg investment company, plans to build one of the world's largest solar photovoltaic power park in the local. Investment company called Securum Equity Partners (equity partners) plans to invest about 20 billion euros, built in an area of 3000 hectares, with a total installed capacity of up to 1,000 megawatts of solar photovoltaic power park. The project construction period is expected to 3 years to 5 years, after completion, will increase by 500 to 600 jobs.
Europe's leading solar power equipment manufacturers MX Group will be the general contractor for this project, the production line of solar cell photovoltaic panels and is expected to be transferred to Serbia. Serbian Prime Minister Cvetkovic said that the main investor of the solar power park will enjoy preferential policies 25 years shall be exempted from the costs associated with the land. If all goes well, the park will start construction next year.
According to reports, Serbia is the sunniest countries of South-Eastern Europe, and there is a good industrial base and highly skilled workforce. Dow Chemical announced that it has acquired on March 7 the photovoltaic business NuvoSun, Dow will using NuvoSun developed thin film technology used in photovoltaic roof. Dow Chemical spokesman KateNigro said Dow acquisition was completed on February 28. The past three years, the Dow NuvoSun equity investment. However, the spokesman refused to disclose the purchase price.
Dow interested in NuvoSun technical reason why is because, over the years, Dow has plans to launch embedded photovoltaic cells in the roof tiles. It is understood that, NuvoSun was founded in 2008. The CIGS technology solar panel energy into electricity. Their composition and manufacturing process may be able to produce ultra-thin, flexible photovoltaic cells.
In early 2012, the founder of NuvoSun Dave Pearce has said that the company is preparing to supply photovoltaic cells to the Dow. The creation of NuvoSun company before, Pearce has also created another PV companies - MiaSole, the company has been sold to Hina Holdings Limited.