Renewables

Serbia reaches 500 MW quota for wind power

Published

April 27, 2016

Country

Comments

0

Share

Published:

April 27, 2016

Country:

Comments:

0

Share

The Ministry of Mining and Energy revealed in mid-April it filled the capacity of 500 MW envisaged for electricity from wind turbines. Projects awarded with the temporary status of privileged producers are eligible for subsidies by law, but the government yet needs to adopt the frame for power purchase agreements. Serbia is waiting for a new cabinet to be formed after a general election was held on April 24. Investors have been showing interest in more projects.

The quota includes projects Čibuk 1 by Vetroelektrane Balkana d.o.o. (Continental Winds) of 158.4 MW, Kovačica by Elektrawinds K-Wind d.o.o. of 105.6 MW, and Plandište 1 by Wind park Plandište d.o.o. of 102 MW. The last one is controlled by NIS, Serbia’s flagship oil and gas company, majority owned by Russian Gazprom Neft.

Company Elicio had facilities Alibunar and Malibunar of 42 MW and 8 MW, respectively, accepted within the designated volume through firms Electrawinds-S d.o.o. and Electrawinds Mali WF d.o.o. Three projects managed by venture MK-Fintel Wind a. d. in the list are Košava, with 68 MW, La Piccolina, 6.6 MW, and Kula, the only operational wind farm, of 9.9 MW. However, only 22.6 MW of Košava was included in the quota, while Ram, facility planned for 9 MW, was rejected.

Elicio said it was the first to provide banking guarantee for a large project, Alibunar, and was granted the status of a privileged producer of power. The fact that the 500 MW quota is reached shows that investors in renewables have confidence in Serbia and that it is about time to issue directives regulating the sector so that construction can begin, the company underscored in a statement for Balkan Green Energy News.

“We are very proud that wind park Kovačica, as one of the newest projects, was included in the 500 MW quota, together with the most serious investors, who from the beginning showed dedication in their work and intentions to build,” said Miloš Colić, head of New Energy Solutions d.o.o. (NES), developer of the facility.

Related Articles

Bulgaria hints possible closure all coal-fired power plants mid 2025 Maritsa East

Bulgaria hints at possible closure of all coal-fired power plants by mid-2025

02 August 2021 - The current version of the National Recovery and Resilience Plan may lead to a rapid coal exit in Bulgaria as the Maritsa East complex would be shut down

Memorandum-of-Understanding_signing-ceremony_IGTRenewables_Government-of-Serbia_August-2021_web

Serbia in talks with UGT Renewables on 1 GW in solar power plant projects

02 August 2021 - Serbia intends to sign a contract soon with Chicago-based UGT Renewables for the installation of photovoltaic systems with a combined capacity of 1 GW

MET Group acquires 60 MW wind farm in Bulgaria

MET Group acquires 60 MW Suvorovo wind farm in Bulgaria

02 August 2021 - The gas and power trader and electricity producer has acquired 100% of the firm from Spain-based Grupo Enhol.

EU Masdar-Taaleri 65 MW solar joint venture Greece

EU approves Masdar-Taaleri’s 65 MW solar power joint venture in Greece

30 July 2021 - The EU allowed Masdar-Taaleri Generation to partner with two Greek firms on the 65 MW Asopia solar power project near Athens