EU Secures EUR30 Million Grant for “Kostolac” Wind Farm | Beta Briefing

EU Secures EUR30 Million Grant for “Kostolac” Wind Farm

Source: Beta
News / Politics | 29.01.24 | access_time 15:44

Photo: Serbian Government/Slobodan Miljevic

Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic signed on Jan. 29 an agreement to finalize the financing of the construction of the 66MW “Kostolac' wind farm, worth a total of EUR144 million.

"The production of this power plant, i.e. its 20 wind turbines, will be sufficient to supply green energy to nearly 30,000 households," the ministry quoted Djedovic-Handanovic as saying.

The project is financed by the German KfW Bank, Elektroprivreda Srbije (EPS) power utility and a EUR30 million grant from the European Union (EU).

It is expected that the Kostolac wind farm, the first EPS wind power plant, will be connected to the grid and start delivering green energy to citizens in the first half of 2025. During the same period, EPS's solar power plant 'Petka' with a capacity of 9.75 MW should also be completed.

The EU ambassador to Serbia, Emanuele Giaufret, reminded that the EU provided strong support to Serbia in the process of energy transition, and the “Kostolac” wind farm "symbolizes our commitment to reducing reliance on fossil fuels, decarbonizing our economies, and embracing renewable energy sources."

German Ambassador in Belgrade Anke Konrad said that the “Kostolac” wind farm represents a milestone as it will increase the share of renewable energy in Serbia's energy production. Its annual production of 187 gigawatt-hours will replace approximately 95,000 tons of coal that would be needed for the production of the same amount of electrical energy.

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