Securum Equity Partners seeks suitable sites for 1 GW solar plant in Serbia - report

Nov 23, 2011 - Luxembourg-based investment and advisory company Securum Equity Partners will identify sites suitable for the construction of photovoltaic (PV) installations over the next few weeks, Ivan Matejak, Serbia country manager of Securum Equity Partners Europe SA, told German Pv Magazine.

Last week, the investment company announced a project called Neper Solar Park Incubator that would see the deployment of PV installations with a total capacity of 1 GW in Serbia.

According to Matejak, during the search of a suitable location the company will consider it with respect to Serbia's power grid.

Securum Equity Partners will apply for the respective permits and authorisations once an appropriate location is found, Pv Magazine reported.

The project financing of around EUR 2 billion (USD 2.7bn) will be provided through the Neper Fund which is designed for international professionals and institutional investors, Matejak added.

Matejak also said that suppliers for the project would be chosen on the basis of both price and the possibility that the components could be manufactured in Serbia, the magazine said.

(EUR 1.0 = USD 1.338)

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