Renewables

Vestas to deliver turbines for 69 MW Košava 1 wind farm

Photo: Courtesy of Vestas Wind Systems A/S

Published

July 13, 2018

Country

Comments

0

Share

Published:

July 13, 2018

Country:

Comments:

0

Share

Denmark’s Vestas has received an order for 20 V126-3.45 MW turbines for the 69 MW Košava phase 1 wind farm in Serbia from MK-Fintel Wind. The Košava 1 wind farm’s construction started in June last year.

To accommodate the site’s specific wind conditions and maximize energy production while meeting the site’s tip height constraints, Vestas developed a solution with site-specific towers, the Danish wind turbine maker said in a press release.

The contract includes supply, installation, and commissioning of the wind turbines, as well as a 12-year Active Output Management 4000 (AOM 4000) service agreement, Vestas noted, adding that delivery of the wind turbines is expected to begin in the fourth quarter of 2018, while commissioning is expected in the first quarter of 2019.

Vestas has been active in Serbia since 2008 and the Košava 1 project is Vestas’ third project with MK-Fintel in Serbia. The two previous wind farms MK-Fintel and Vestas partnered on, the Kula and La Piccolina wind farms, were the country’s first operating wind power plants.

“We look forward to completing the Košava I and immediately start working on Košava II and on the many other projects of our ambitious pipeline in the Balkans and in Russia, hopefully consolidating our partnership with Vestas,” Tiziano Giovannetti, CEO of MK-Fintel, said.

The key to this project was Vestas’ capability to develop a site-specific solution using tailored towers, said Nils de Baar, president of Vestas Northern and Central Europe.

IPO in the pipeline

At the end of February, MK-Fintel Wind announced that it had secured EUR 81.5 million for the completion of the Košava 1 wind farm.

In April, Fintel Energija’s shareholders reached a decision on a RSD 3.5 billion (EUR 27.5 million) capital increase through the IPO the renewable energy company plans on the Belgrade Stock Exchange.

According to the Italian media, Fintel Energia Group plans to retain a controlling interest in Fintel Energija.

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

Albania to boost solar, wind capacity by ten times through 2023

Albania to boost solar, wind capacity by ten times through 2023

25 January 2022 - Albania's transmission system operator OST said wind and solar capacity connected to its network may reach a combined 220.4 MW next year

electricity-exports-bih

Soaring prices push up BiH electricity exports to all-time high

25 January 2022 - The record value of BiH's power exports in 2021 was largely due to soaring prices on the international market caused by the energy crisis.

Half Slovenian firms risk collapse high energy costs

Nearly half of Slovenian firms risk collapse over high energy costs

24 January 2022 - Respondents in a poll conducted Chamber of Commerce and Industry of Slovenia expect energy expenses to jump 128% this year

hpp-dabar-decision-capital-increase-het

HET delays decision on capital boost for hydropower plant Dabar project

24 January 2022 - An updated proposal of the capital increase plan, according to announcements from HET, is expected to be ready in February at the latest,