Serbia has captured the interest of two major Chinese companies, Zijin Mining and Shanghai Fengling Renewable, signaling a potential transformation in the country’s energy landscape.

The Ministry of Mining and Energy of Serbia, in an announcement on Nov 10th, revealed the companies’ keenness to invest in hydrogen production from renewable sources, with a targeted annual capacity of 30,000 tons.

Minister Dubravka Djedovic Handanovic highlighted the project’s pivotal role in positioning Serbia as a key player in European hydrogen production, potentially becoming an exporter of this vital energy source. The envisioned hybrid facility in the Bor area aims to combine solar and wind power plants, providing green energy for Zijin Mining’s existing copper complex.

The proposed project involves substantial investments, estimated at around EUR 2 billion, encompassing the development and construction of 1.5 GW wind and solar farms. These initiatives extend to energy storage for hydrogen production and the deployment of cutting-edge technology for energy generation using hydrogen fuel. Zijin Mining stands to benefit from cost-effective renewable power, positioning itself to enter the European green hydrogen market.

Serbia, where coal presently dominates the energy structure, is undergoing a significant energy transition. The planned investments and the potential entry into the green hydrogen market signify a crucial step in achieving Serbia’s goal of a 45% share of renewable energy in electricity production by 2030. This move could propel the nation towards a more sustainable and diversified energy portfolio.