Electricity

NIS, MET Renewables to start building 102 MW Plandište wind farm during 2019

Photo: Pixabay

Published

March 21, 2019

Country

Comments

comments icon

0

Share

Published:

March 21, 2019

Country:

Comments:

comments icon

0

Share

MET Renewables AG and oil company NIS, majority owned by Russia’s Gazprom, have launched joint work on a project to build the Plandište wind farm in Serbia. The two companies established a joint venture after MET acquired from a third party a 50% stake in the Serbian wind farm project, according to a press release from Serbia-based NIS.

This will be the first wind project for both NIS and MET, and also the first renewable energy investment of Swiss MET Group outside the EU. The 102 MW wind farm will consist of 34 wind turbines and will be built next to the Serbian municipality of Plandište. NIS said earlier that the project is worth around EUR 160 million.

MET Renewables AG (owned 100% by Switzerland-based MET Group) was officially registered as a shareholder on March 19, 2019. The Plandište wind farm will be operated in a joint structure, with each firm holding a 50% stake in a company called NIS–MET Energowind.

The 102 MW wind farm, located in the Serbian municipality of Plandište, in the province of Vojvodina, will supply power equivalent to the consumption of around 85,000 households. The construction of the Plandište wind farm will start in 2019. The wind farm is expected to be fully operational in 2021.

The construction of the Plandište wind farm strengthens MET Group’s renewable energy strategy. The company aims to establish a renewable energy production portfolio of several hundreds of megawatts in Central and Eastern Europe, including both solar and wind projects.

Status of privileged producer from renewable energy sources secured in 2015

Until MET Renewables acquired 50% of NIS Energowind, the Plandište wind farm developer was 50% owned by  NIS and 50% by a group of private investors, the most prominent of whom was Goran Novaković, a former energy minister.

NIS Energowind first received the status of a privileged producer of electricity from renewable energy sources in November 2005, which was then extended in December 2016. The latest extension was approved in January 2018, with privileged producer status to last until May 2020.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

usa california virtual power plant test home batteries caiso

100,000 home batteries in California act as 500 MW power plant

11 August 2025 - Residential batteries provided over 500 MW of capacity to the California power system during the test event

Water shortages Southeastern Europe desalination strategic approach

Water shortages in Southeastern Europe point to desalination as strategic approach

08 August 2025 - Turkey got its first floating desalination facility, running on wind and solar power, while other Balkan countries are examining such options

Greek lignite region of Megalopolis opens a new chapter after lignite

Greek coal region of Megalopolis opens new chapter after lignite

08 August 2025 - Megalopolis, in the Peloponnese peninsula, is one of Greece's two coal regions, along with Western Macedonia

brm auctions power exchange coupling

Romanian bourse BRM joins power auctions within European Single Intraday Coupling

08 August 2025 - With this move, BRM becomes part of the Intraday Auctions (IDA) system, launched across Europe in June 2024.