Serbia’s MK Group and Slovenia’s ALFI Green Energy Fund will take over the construction of the Krivača wind farm, a project developed by Austria’s Ivicom Holding. Wind turbines for the 105 MW wind farm will be delivered by Nordex, in its first order from Serbia.
Ivicom Holding, a renewables developer very active in the region, started construction on the Krivača wind farm in the eastern Serbian municipality of Golubac, through its subsidiary Ivicom Energy, in May last year. At one point, 25% of Ivicom Energy was owned by Slovenian energy company Petrol, but now, according to the Serbian Business Registers Agency, 50% is owned by ALFI Renewables, and the remaining 50% by Lamium Trade Limited, registered in Cyprus.
Ivicom is no longer the owner of the Ivicom Energy
The Cyprus-registered company is a co-owner of several companies named MK-Fintel, and is a partner to Italy’s Fintel. MK Group and Fintel have built wind farms with a combined installed capacity of 80 MW in Serbia, and they recently announced the Agrosolar Kula project.
MK Group has now concluded an agreement with ALFI Renewables to hire Nordex to supply wind turbines for the Krivača wind farm. Nordex has announced that it has received an order for 105 MW from Serbia, which marks the company’s entry into the Serbian market.
Nordex will deliver wind turbines in spring 2023
“In spring 2023 Nordex will be supplying 22 N149/4.X turbines in the 4.8 MW operating mode from the Delta4000 series for the Krivača wind farm. The order also includes a Premium Service contract for the turbines covering a period of 25 years,” Nordex said.
According to the company, after commissioning at the end of 2023, Krivača will generate 310 GWh of electricity annually or 1% of Serbia’s electricity consumption.
The Krivača wind farm, developed by the Austrian wind farm developer Ivicom, will in the future will be operated by Serbia’s MK Group and Slovenia’s ALFI Green Energy Fund, according to Nordex.
MK Group to invest EUR 1 billion in renewables
Mihailo Janković, CEO of MK Group, said the company is developing wind power projects with a total capacity of 800 MW and solar power projects with a combined capacity of 660 MW.
The projects are being developed independently or with partners, and the total investment is estimated at EUR 1 billion in the next five years, he added.
According to Patxi Landa, CSO of Nordex Group, the company is highly motivated for collaboration with MK Group and ALFI Green, and looks forward to supporting them in their sustainable electricity production with its technology.