Invest in Green Energy
Solar Power Plant and Biogas Production

Opportunity

Sale of 100% share capital of a company (hereinafter "the Company") located in Vojvodina, Serbia. The company owns 5,2ha construction land with some buildings on it with total floor area of 742m². The Company has a building permit for construction of a biogas cogeneration plant for electricity production, approval for a design and connection to the power grid system of a solar power plant UPP (colloquially known as the “grid connection approval”) WITHOUT having to install power battery storage equipment. Such an approval significantly reduces investment and operative costs and improves profitability of the project. Such approvals are no longer issued.

The installation of a battery storage system can significantly increase the initial investment costs in a solar power plant and reduce the return on invested capital (ROI).

1. Initial costs: The installation of a battery system can significantly increase the total project costs by 30-50%, depending on the capacity of the batteries and the technology used.
2. Maintenance: Battery systems require regular maintenance and possible replacement, which further increases operating costs during exploitation.
3. Longer payback period: Due to higher initial costs, the payback period can be longer. Instead of the standard 6-9 years for a solar power plant without batteries, the payback period for a solar power plant with batteries can be extended to 12-15 years.

Transaction - sale of a special purpose company (SPV) on the basis of "debt free cash free" (DFCF) basis. The Company is not trading, it is dormant and offered for sale with all its assets. The company has no liabilities or employees. See additional information in the "Further info" section below.
Alternatively, it is possible to purchase the company with UPP and 1,2ha of construction land, which is sufficient for a construction of a 1MW SPP.

Description

Significant assets of this Company are:

1. a construction plot of 51.692m², featuring several structures totalling 741m². Both the land and the buildings are fully registered with the Cadastre, ensuring a clear and clean ownership title
2. a building permit for construction of a biogas cogeneration plant for electricity production
3. approval for design and greed connection of a solar power plant. This approval is essential for constructing a solar power plant and connecting it to the power distribution system. The solar power plant has an approved capacity of 999 kW, and notably, the issued conditions do not require the installation of batteries for energy storage. Such licenses are no longer being issued, adding to the uniqueness of this opportunity

Biogas cogeneration plant

The main product of this plant is the production of biogas from organic waste-agriculture, meat processing, industrial production and other wastes that are ecologically destroyed in this way. The produced biogas can be used for the following purposes:

1. Heat production
2. Electricity production in combination with a solar power plant, for example, at night, or when solar energy is insufficient, for example in winter, so that the maximum approved amount of electricity is sold through the distribution network of 999kWh x 24 hours x 365 days a year or 8,751,240 kWh per year
3. Production of high-quality fertilizer
4. Production of gas that is used as fuel in traffic
5. Production of carbon dioxide CO₂ for the needs of making dry ice or gas to improve the microclimate of greenhouses for fruit and vegetable production
6. Optimizing the production and sale of energy in order to maximize income and profit because biogas/biomethane can be used at any time for any of the above-mentioned purposes depending on the demand and price on the market (to be used for electricity production, to be distributed through the gas pipeline network, to be sold in pressure tanks for households, industry or vehicles as Compressed Natural Gas (CNG) or Liquefied Natural Gas (LPG) etc.)

Solar power plant

The company has a legally binding Design and Connection Solution for a solar power plant AND a connection of this SPP to the national electricity transmission grid system (DCEE) without storage batteries.

1. Key technical data about the SPP:
1. Approved power plant: 999kW
2. Number of inverters in the power plant: 10
3. Mode of operation: The power plant works in parallel with DCEE, with the delivery of electricity to DCEE in its entirety (except for own consumption).
2. Connection method and technical description:
1. Connection type: individual
2. Connection character: permanent
3. Place of connection of the power plant to the DCEE: Direct cable connection to the transformer of 20 (10) kV from the building of the SPP where all production equipment is housed
4. Connection to the DCEE Network: The SN cable for connection to the DSEE extends from the construction parcel and runs alongside the existing public road to the existing 10kV power line (it does not cross private land), which is about 100m away. The transformer station 35/10kV/kv is slightly further, at a distance of about 200m.

Other technical information and details are contained in the documentation which will be made available to the potential buyer during his due diligence process.

Other uses of the construction land

The construction land can be utilized for diverse purposes, including:

1. Expansion of the solar or biogas produtcion plants: additional capacity can be developed to increase energy production;



2. Construction of a charging station for electric vehicles or for sale of gas for vehicles - considering the proximity of the highway with local and international transit traffic, an outstanding option would be to build a charging station for electric vehicles, with, say, 15-20 charging points that would be supplied with electricity from the solar panels. The capacity of the solar power plant can be increased to supply electricity to the chargers. Electricity sold through chargers is always more expensive than electricity sold through the distribution network. This service can be combined with a convenient catering and retail facility where drivers can take a break and purchase some refreshments or food or shop in the store. In addition to the sale of 1MW electricity through the distribution network, these additional services (chargers + catering services + retail) would be additional revenues.
3. Construction of production facilities: the land can accommodate production facilities that utilize electricity generated for their operational needs, with the option to sell any surplus energy back to the power grid;
4. Logistics and distribution centre: given its proximity to the future highway and connections to the Hungarian and Romanian borders, the site is ideal for establishing a logistics and distribution centre. This facility could use produced electricity for its own needs, selling excess energy to the grid;
5. Sale of Excess Land
6. Other Development Opportunities: the remaining land can be repurposed for various other uses, depending on the buyer's vision and needs.

This flexibility in land usage enhances the attractiveness of the property, making it a valuable investment opportunity in the growing renewable energy sector and beyond. With the new highway construction, the value of all land in close proximity always increases.

Location

The company’s land is situated close to the “Smile of Vojvodina” highway, providing excellent accessibility and transportation links. The strategic location of this land, combined with the approved grid connection, makes this an attractive investment opportunity. The potential for solar power generation at this location is significant, and the proximity to the highway ensures easy transportation of materials and personnel. In other words, this building plot is close to and will have an easy access to the highway for distribution of goods manufactured (in a manufacturing plant) or stored (in a distribution centre) on the building plot.

Highway "Smile of Vojvodina"

The Smile of Vojvodina highway is a planned high-speed road that will connect two border crossings with Hungary (Bački Breg) and Romania (Nakovo). The construction of this road through Vojvodina was recently - again - confirmed by the President of Serbia, Aleksandar Vučić, when he presented the "Leap into the Future, Serbia 2027" plan. According to the statements of President Vučić, this highway should be finished by 2026. The "Smile of Vojvodina" will be built by the Chinese company China Construction Eighth Engineering Division, the first part of the highway will be financed by a loan from the Chinese Exim Bank.

Market

The Serbian government has recently adopted the Integrated National Energy and Climate Plan (NECP) for the period until 2030, with projections extending to 2050. The Plan is aligned with the Law on the Use of Renewable Energy Sources and with Europe's vision for the decarbonization of the energy sector This plan aims to significantly boost the share of renewable energy in the country’s electricity mix, targeting 45% from renewable sources by 2030.

Further info

Join the green energy revolution in Serbia. Please consider our offer.

Terms and conditions of sale

• Sale of company: The sale encompasses 100% of the Company’s share capital. Opstions of purchase are as follows:
  1. The company with UPP for the construction of 1MW SPP and 1,2ha of construction land for €180.000 or
  2. The company with all its assets for €225.000
• Ownership: The construction land is registered in the Cadastre, free from encumbrances and notices, ensuring full and clean ownership title.
• Financial Status: The Company has no outstanding debts to banks or other financial institutions, with the exception of a shareholder loan which will be settled prior to the company’s purchase.
• Due Diligence: All relevant documentation will be made available to the buyer for due diligence before the purchase.

Contact us

SEECAP Consulting is the exclusive financial and sales consultant of the seller and all inquiries regarding this sale MUST be addressed EXCLUSIVELY to Zoran Mitic by email [email protected] or by mobile phone/Viber/WhatsApp/Telegram +381 63 377 960 ili +381 11 36 35 935 or by using contact form below.