Renewables

wpd sets up JV to develop Krmpote wind farm of up to 90 MW

Photo: The location of the future Krmpote wind farm (wpd)

Published

July 3, 2019

Country

Comments

comments icon

0

Share

Published:

July 3, 2019

Country:

Comments:

comments icon

0

Share

Bremen-based wpd europe and Rijeka-based Tekol Teri have set up VE Krmpote, a joint venture to develop a wind farm on the Ruševo-Krmpotsko location near Novi Vinodolski, wpd said in a press release. The value of the investment is estimated at more than EUR 120 million.

The Krmpote wind farm will have an installed capacity of up to 90 MW and cover an area of 27 square kilometers. The wind farm is expected to generate around 250,000 MWh of clean energy, which will significantly contribute to reducing greenhouse gas emissions, dependency on electricity imports, and the transition to a low-carbon economy, according to the press release.

The output is sufficient to cover the annual electricity consumption of more than 50,000 Croatian households.

VE Krmpote launched operations by signing a Memorandum of Understanding (MoU) with the City of Novi Vinodolski, which states the investor’s intention to be mindful of the local community’s interests and needs and the city’s plan to support the investment.

The agreement on the establishment of VE Krmpote was signed by Andreas Chollet, head of project development at wpd europe, and Mato Markanović, development adviser at Tekol Teri. The MoU was inked by Velimir Piškulić, mayor of Novi Vinodolski, and Zoran Obradović, board chairman at VE Krmpote and managing director at wpd Adria, part of wpd europe.

Photo: The signing of the MoU by VE Krmpote and the City of Novi Vinodolski

wpd has four wind farms in Croatia and a total of 4,500 MW of installed capacity in 20 countries.

wpd intends to invest EUR 1.5 billion in BiH, Croatia

wpd intends to invest EUR 1.5 billion in an integrated 1.2 GW wind farm system in the Livno-Grahovo-Knin area in Croatia and Bosnia and Herzegovina (BiH), Obradović said recently.

Obradović, who recently spoke for Balkan Green Energy News about wpd Adria’s investments in the region, said that the plan is to build wind farms with a total capacity of 900 MW in BiH, and a further 300 MW in Croatia.

The project would be developed in stages, with construction expected to start in three to four years and be completed in 2030.

wpd Adria’s four wind farms in Croatia have a total capacity of 100 MW. The company is currently assessing the wind potential in the Ravno municipality, in the south of the Federation of BiH (FBiH), an entity of BiH. The planned wind farm there should have an installed capacity of 50 MW, with construction expected to start in three years.

Tags: ,
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

montenegro cges profit 2024 aleksandar mijuskovic

Montenegro’s TSO CGES achieves EUR 25 million profit in 2024

02 April 2025 - Implementation of crucial infrastructure projects, investments in new technologies, and improvement of work processes were the decisive factors for the success

Power exchanges test cross border day ahead trading 15 minute intervals

Power exchanges to test cross-border day-ahead trading in 15-minute intervals

02 April 2025 - NEMOs in Europe are starting joint member testing on April 7 for cutting the cross-zonal day-ahead power trading interval to 15 minutes

heliup startup solarpower europe award stykon panels

Heliup wins European Solar Startup Award 2025 with solar panels 60% lighter than conventional ones

01 April 2025 - Heliup said it is committed to revolutionizing solar energy with lightweight solutions manufactured in Europe

Bulgaria IBEX registration market guarantees of origin electricity

Bulgaria’s IBEX opens registration for market of guarantees of origin of electricity

01 April 2025 - The Independent Bulgarian Energy Exchange (IBEX) is registering entities interested in participating in a market for guarantees of origin