Vestas to deliver turbines for 69 MW Košava 1 wind farm

Denmark’s Vestas has received an order for 20 V126-3.45 MW turbines for the 69 MW Košava phase 1 wind farm in Serbia from MK-Fintel Wind. The Košava 1 wind farm’s construction started in June last year.

To accommodate the site’s specific wind conditions and maximize energy production while meeting the site’s tip height constraints, Vestas developed a solution with site-specific towers, the Danish wind turbine maker said in a press release.

The contract includes supply, installation, and commissioning of the wind turbines, as well as a 12-year Active Output Management 4000 (AOM 4000) service agreement, Vestas noted, adding that delivery of the wind turbines is expected to begin in the fourth quarter of 2018, while commissioning is expected in the first quarter of 2019.

Vestas has been active in Serbia since 2008 and the Košava 1 project is Vestas’ third project with MK-Fintel in Serbia. The two previous wind farms MK-Fintel and Vestas partnered on, the Kula and La Piccolina wind farms, were the country’s first operating wind power plants.

Customised tower solution secures #Vestas’ largest order in #Serbia. To accommodate the site’s specific #wind conditions and maximise #energy production while meeting the site’s tip height constraints, Vestas developed a solution with site-specific towers https://t.co/vT3YTMqWLI pic.twitter.com/dRM8oiU5K5

— Vestas Wind Systems (@Vestas) July 12, 2018

“We look forward to completing the Košava I and immediately start working on Košava II and on the many other projects of our ambitious pipeline in the Balkans and in Russia, hopefully consolidating our partnership with Vestas,” Tiziano Giovannetti, CEO of MK-Fintel, said.

The key to this project was Vestas’ capability to develop a site-specific solution using tailored towers, said Nils de Baar, president of Vestas Northern and Central Europe.

IPO in the pipeline

At the end of February, MK-Fintel Wind announced that it had secured EUR 81.5 million for the completion of the Košava 1 wind farm.

In April, Fintel Energija’s shareholders reached a decision on a RSD 3.5 billion (EUR 27.5 million) capital increase through the IPO the renewable energy company plans on the Belgrade Stock Exchange.

According to the Italian media, Fintel Energia Group plans to retain a controlling interest in Fintel Energija.