Serbia to Build World's Largest Solar Park

The Serbian government has signed a memorandum to build the world's largest solar park in the southeast European nation at an estimated cost of two billion euros (over $2.5 billion).

The proposed solar park, spread over 3,000 hectares of land, would have an estimated capacity of 1,000 MWp (Mega Watt-peak).

The park's construction could take up to five years and would involve about 3,000 workers to build it.

Serbia has agreed to lease the land free of charge to Securum, but expects to generate 750 million euros in taxation from the solar park.

An official of the company said the solar park's construction could start as early as the beginning of next year, once a final location for the solar park is found.