The regional renewable energy developer, CWP Europe and the Chinese investment company, PowerChina Resources have signed a cooperation agreement to build the largest wind farm in Serbia.
The agreement was signed on 21 April in Belgrade, Serbia by Executive Vice President of PowerChina Resources, He Shiyou and Chief Executive Officer of CWP Europe, Dimitar Enchev.
The ‘Vetrozelena’ onshore wind farm, located in the southern Vojvodina region, will consist of 48 turbines and a planned installed capacity of 300 megawatts (MW).
The project’s electricity output will reduce CO2 emissions by around 820,000 tons every year and supply more than 185,000 households with green electricity, CWP said.
“We are excited to welcome PowerChina Resources as our partner in the 300 MW
Vetrozelena wind farm. This landmark project will be the largest wind farm in Serbia
and one of the largest in the region upon its completion in 2025. Representing one
of the largest foreign direct investments in Serbia delivering low-cost clean electricity, the project is an important step towards the diversification and decarbonisation of the Serbian energy mix,” said Dimitar Enchev, CEO of Dimitar Enchev.
The wind farm will become the largest wind power plant in the country upon its completion in 2025. The investment deal creates “favourable conditions” for further development of renewables in Serbia and is a “clear sign” that the country is now on a path to diversify its energy mix, CWP said.
In recent years, CWP has played an active role in energy transition projects across Central and Eastern Europe, including the largest wind farm in Europe: the 600 MW Fântânele-Cogealac in Romania. The company is currently developing over six gigawatts (GW) of renewable energy capacity in Serbia, Bulgaria, Romania, Montenegro, Albania, Bosnia and Herzegovina, Slovenia, Moldova and Ukraine.