Italy-based MX Group, a PV module provider and engineering, procurement and construction (EPC) contractor, says it has signed a 1.75 billion euro agreement for the construction of a 1 GW solar park in Serbia.
According to the company, the installation, called the Onegiga Project, will be the largest PV plant in the world. It will consist of 100 plants, 10 MW each, that will be installed between 2013 and 2015.
MX Group will serve as EPC contractor for the project, which will cover an area of 3,000 hectares. Luxembourg Securum Equity Partners Europe SA, the client, has signed a framework agreement with the Republic of Serbia.