Contracts were signed by David Žarković, Assistant General Director for the management of the energy portfolio of EPS, and Maja Turković, Executive Vice President of CWP Europe.
The signing of these contracts follows CWP’s participation in recent renewable energy auctions organized by the Serbian Government and the Ministry of Mining and Energy, where the company secured the right to a market premium for a 105 MW capacity solar power plant, Solarina.
It was specified that the clean electricity produced by this project will be supplied at a competitive price of €52.89 per megawatt-hour.
“This is an important milestone in Serbia’s energy transition, as it is the largest individual contract for the purchase of electricity from a single solar project ever signed with EPS. We thank the Ministry of Mining and Energy and EPS for their trust and yet another opportunity to jointly contribute to a more stable and greener energy future for Serbia,” said Maja Turković, Executive Vice President of CWP Europe.
It was emphasized that after the Vetrozelena wind farm, for which CWP secured the first long-term electricity purchase agreement with EPS, the Solarina project marks the continuation of cooperation between the two companies.
“The continuation of our cooperation further confirms that EPS is a reliable partner for anyone whose business direction is green energy. Moreover, this demonstrates our joint commitment to Serbia’s energy transition and the development of renewable energy sources, as EPS will purchase all the produced energy, keeping it within our country,” stated David Žarković, Assistant General Director of EPS for the management of the energy portfolio.
Once completed, Solarina will become the first large-capacity solar power plant in Serbia, with a total installed capacity of 150 MW, more than doubling the current solar capacity in the country.
Additionally, all electricity produced within the Vetrozelena and Solarina projects, around 1 TWh annually, will remain in Serbia and be supplied to the domestic market, significantly contributing to the stability of supply for end-users.
It is worth noting that CWP Europe’s current portfolio includes over 10 GW of capacity from wind farms, solar power plants, and energy storage battery systems across Serbia, Bulgaria, Romania, Montenegro, Albania, North Macedonia, Croatia, Moldova, and Ukraine.
CWP Europe is a joint venture between CWP Global and Mercuria Energy Trading, one of the world’s largest independent energy traders.
