MK Group and Fintel energija broke ground on their Kula 2 wind power project in northwestern Serbia. The facility will consist of two turbines with 5 MW each.
Hundreds of megawatts from renewable energy sources will come online in the following years in Serbia as investors will be building capacities on their own or within strategic partnerships with the government, Deputy Prime Minister and Minister of Mining and Energy of Serbia Zorana Mihajlović said at the groundbreaking ceremony for the Kula 2 wind power plant.
MK group and Fintel energija developed the 10 MW project at the Štolc site in Kula in northwestern Serbia. It is worth EUR 17.5 million. The wind power plant will have two turbines.
Kula 2 to be first wind power plant in Serbia without government subsidies
Fintel energija is the Serbian subsidiary of Fintel Energia Group. The Italian company’s Chief Executive Officer Tiziano Giovannetti said it is the first such project without subsidies in the country and that it proves new technologies have matured in market terms. Erste Bank is a partner in the project, according to the announcement.
The estimated annual output of Kula 2 is 28.6 GWh, equivalent to the electricity consumption of 8,000 households in Serbia, the two companies added. They said the construction should be completed by the end of the year and commissioning is scheduled for March.
Two more wind power plants planned in Kula
In the same municipality they operate the Kula wind park, the first wind power plant in the country. It was commissioned in 2015. Kula 3 and Kula 4 are also envisaged to have a capacity of 10 MW each.
The combined capacity of MK Group and Fintel’s three existing wind farms in Serbia is 85.5 MW. Last week they signed a deal with PowerChina on their Agrosolar project in Kula, the first of its kind in the Balkans. It would currently be the largest in Europe, at 660 MW. The agrisolar endeavor will combine photovoltaics with crop production.
Fintel has separate projects, too, including the giant Maestrale Ring wind farm in Subotica, Serbia’s northernmost city.