China’s HEAG to build wind farms in Balkans


May 12, 2016





May 12, 2016




Huayi Wind Energy Co. Ltd. (HEAG) opened its regional office in Belgrade as official entry into the wind energy market in Serbia and the Balkans, Xinhua reported. HEAG, founded in 2002 in China, has been engaged in the design, manufacturing, sales and maintenance of wind turbines and wind farms.

The opening ceremony was attended by Serbian government officials, officials from the Chinese embassy and other diplomats.

“Based on our thorough evaluation, Serbia and the region have a great potential in the field of wind power, which is why we come here,” said Zhang Xuemin, head of HEAG, adding the company’s arrival to the country is of great importance for its further expansion on the European market.

According to HEAG, the regional office will adopt such cooperation models in the region as engineering, procurement and construction, equity investment, equity cooperation and direct sale, flexible for potential partners. Head of HEAG’s regional office Predrag Petronijević said efficiency of facilities for renewable sources of energy will be improved, especially in building wind power plants, which are among priorities in Serbia.

The Chinese company will be a reliable partner to anyone who wants to build wind power plants, said Predrag Petronijević, head of HEAG’s regional office.

“China is one of Serbia’s most important trade partners, with bilateral cooperation that has been growing and improving for years. The founding of HEAG’s regional office will bring the latest technology to Serbia, and promote the development of Serbia’s renewable energy,” said Stevan Nikčević, state secretary in the Ministry of Trade, Tourism and Telecommunications.

The priority for Serbia is to fulfill its obligations according to European Union’s Renewable Energy Directive, transponed in the Law on Energy, said Miloš Banjac, assistant minister of mining and energy, responsible for renewable sources and energy efficiency. Electricity generation from renewable sources demands great investments, he told Ekonomski Online. Building a facility costs EUR 1.5 million per MW of installed capacity, and Serbia has to build wind power plants with total installed capacity of 500 MW, so this investment is worth EUR 750 million to EUR 1 billion, according to his words. But most of that is investment in equipment and technology, since maintenance of wind farms requires few workers, Banjac added. Benefits for local economy are reflected in involvement of domestic constructing companies during the construction of wind farms, he stressed.


Related Articles

Kolasin Call-for-land-lease-for-wind-park-project-issued-in-Montenegro

Call for land lease for wind park project issued in Montenegro

21 September 2023 - Energy 2 will likely bid for a lease of land in Kolašin in Montenegro for its Sinjajevina wind park project, as the government issued a call


First hydrogen valley to be established in Cyprus

21 September 2023 - A group of companies including ones from Greece and Romania want to establish the first hydrogen valley in Cyprus

green hydrogen pilot project Chiren gas storage facility Bulgaria

Green hydrogen pilot project launched at Chiren gas storage facility in Bulgaria

21 September 2023 - Bulgartransgaz joined forces with domestic and Italian and US partners in a pilot project for green hydrogen at the Chiren storage facility

Three bids for strategic partner for 1 GW of solar in Serbia

Three bids for strategic partner for 1 GW of solar in Serbia

21 September 2023 - In late July, the Ministry of Mining and Energy of Serbia launched a public call to select a strategic partner