Loan for the biggest wind farm in the Balkans approved

A credit line agreement, stipulating construction of a wind farm in the village of Cibuk in Vojvodina, was signed in the presence of Serbian President, Aleksandar Vucic today.

The wind farm will have output power of 158 megawatts and 57 turbines, and will generate up to 457 gigawatt hours of power annually. The construction deadline is late 2018, and once finished, this will be the biggest wind farm project in Serbia and in Western Balkans.

The Cibuk wind farm will supply 113,000 households with clean power, and thanks to this, the carbon-dioxide emission will be reduced by over 370,000 tons annually. 400 workers will be engaged in the construction of this wind farm, and 50km of roads will be built under the project.

The credit line agreement was signed by the company Vetroelektrane Balkana d.o.o., the International Finance Corporation (IFC), and the European Bank for Reconstruction and Development.

Veteroelektrane Balkana d.o.o., also known as Wind Energy Balkan Group (WEBG d.o.o.), is controlled by Masdar, or Abu Dhabi Future Energy Co. PJSC. The contract signed on October 16 for the wind farm spanning more than 36 square kilometres will enable a launch by the end of next year, investors said. The project has heen developed in strategic partnership with Continental Wind Partners LLC’s subsidiary Continental Wind Serbia d.o.o.

The design of the turbines puts columns at 110 metres, while blades will be sixty metres long. At 158.4 MW, it is set to become the largest wind farm in the Western Balkans, and Serbia’s minister of energy Aleksandar Antić said at the contract signing that it is the biggest single private investment in the country.

Serbia has an obligation to boost power output from renewable sources to 27% of total consumption by 2020. Antić claimed the 100 MW milestone in generation capacity has been reached.

(Danas, 16.10.2017)

http://www.danas.rs/ekonomija.4.html?news_id=359463

 

 

This post is also available in: Italiano

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