Jose Fernandez, Undersecretary of the United States for Economic Growth, Energy and the Environment, emphasized Serbia’s opportunity to become a regional leader in high technology and green energy during his recent visit to Belgrade. He noted that decisions regarding the “Jadar” project should be made sovereignly by the Serbian people.
Fernandez announced that an agreement with the UGTR company is set to be signed this week, which is expected to generate one gigawatt of solar energy for Serbia. He highlighted American companies’ interest in investing in renewable energy, including solar, hydro, and wind sources.
Following the signing of an energy agreement between Serbia and the US in September, discussions around the “Jadar” lithium mining project intensified. Fernandez clarified that while Rio Tinto is not an American company, the US will monitor the project’s development closely.
“The demand for critical raw materials is increasing significantly to meet 2050 targets. Currently, a substantial portion of these minerals is concentrated in just a few countries. Without expanding our supply, we risk energy stability, with lithium being crucial for this,” Fernandez explained.
When asked about potential opposition to lithium mining in Serbia and its implications for the EU, he reiterated that the decision to proceed with the project ultimately lies with the Serbian people. He expressed willingness to provide advice and support if requested, emphasizing the benefits of clean energy investments for economic growth.
Fernandez suggested that the “Jadar” project could contribute to an increase in Serbia’s GDP by one to three percent, and even more if battery production is established.
He acknowledged Serbia’s ongoing debate on lithium mining following discussions in the National Assembly. Additionally, Serbia has received approval for the flow of Russian gas, with expected winter deliveries around 400 million cubic meters. The extension of the current gas contract with Russia is anticipated to be addressed in early 2025.
Fernandez briefly noted the importance of energy diversification and independence, citing the example of Ukraine and how Russia has weaponized its energy resources. He encouraged Serbia, like all nations, to work towards these goals.
