Renewables

MK Group to commission Krivača wind farm in Serbia in May

mk group krivaca wind farm kopaonik mihailo jankovic

Photo: Kopaonik Business Forum

Published

March 6, 2024

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Published:

March 6, 2024

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Serbia-based MK Group plans to put Krivača into operation in May. It will be its fourth wind farm. The company is building the 105 MW facility with ALFI Green Energy Fund from Slovenia.

MK Group CEO Mihailo Janković spoke at the Kopaonik Business Forum about green energy investments at a panel discussion called Path to Energy Transition.

He said energy stability is key and a matter of national security and strategy.

MK Group built three wind farms so far, all in the Vojvodina province in the country’s north, Janković noted. The company plans to commission the Krivača wind farm, the first in eastern Serbia, in May, he revealed. The project is worth EUR 165 million, the CEO added.

The Krivača project is valued at EUR 165 million

MK Group and ALFI Green Energy Fund took over the construction of the Krivača wind farm in the municipality of Golubac in June 2022 from Ivicom Holding, headquartered in Austria.

It will be the second one put into operation in Serbia since 2019. The one inaugurated last November has only 9 MW in capacity.

Krivača is the first renewable energy project in the country with a commercial power purchase agreement (utility PPA) and its first wind park with turbines from German producer Nordex Group.

Janković stressed that MK Group is also preparing the Agrosolar Kula project. The company will invest EUR 900 million in green energy projects with a combined capacity of 1,000 MW by 2026, he added.

Higher electricity demand means investments mustn’t stop

Earlier, the company said it is developing or participating in projects for wind farms of 800 MW in total and solar power plants of 660 MW altogether.

Due to growing electricity demand, investments mustn’t stop, Janković said. He added that it makes green incentives significant for further projects.

MK Group and Italy’s Fintel have jointly installed wind farms Kula (9.9 MW), La Piccolina (6.6 MW) and Košava (69 MW) in Serbia.

The Kula facility, commissioned in 2015, was Serbia’s first. In May 2022, the two companies marked the beginning of the construction of their Kula 2 wind power plant.

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