Fintel, MK Group to construct 340 mln euro agrivoltaic plant in Serbia

• Fintel Energija [BEL: FINT], the Serbian subsidiary of Italy's Fintel Energia Group, and diversified holding MK Group, strategy to invest 340 million euro ($400 million) in the building of an agrivoltaic plant in Kula, in northern Serbia, MK Group claimed.

The plant, named Agrosolar Kula, is prepared to be introduced in April 2022 and also will generate 832 GWh of electrical power every year, enough to cover the energy need of about 200,000 families, MK Group said in a statement on Thursday.

In the initial stage, the plant will cover 700 hectares of land in Kula, split into 7 areas for numerous natural plants and solar panels will certainly be installed in routine rows covering one third of the total location, MK Group kept in mind.

"Smart agriculture and green energy have actually been in focus for a very long time, and the Agrosolar project is based on their synergy. This system attains the optimization of land use as well as its maximum utilisation, with a positive effect on the atmosphere. That is why this introducing investment of Fintel Energija and also MK Group is of excellent relevance for the lasting advancement of agriculture as well as production of energy from eco-friendly resources," Tiziano Giovannetti, Chief Executive Officer of Fintel Energy, claimed.

Agrivoltaics is a technological solution that makes it possible for the synchronised manufacturing of agricultural crops and also energy from sunlight on the exact same surface.