An investment of approximately 100 million euros is earmarked for the development of the “Pupin” wind farm, set to be situated in the Kovačica municipality. The Ministry of Mining and Energy revealed that the energy generated will supply approximately 40,000 households across Serbia. Financing agreements were recently finalized with the European Bank for Reconstruction and Development.
The contract for the “Pupin” wind farm was inked between the “Electric Power Industry of Serbia” and “Enlight K2-Wind” company. Notably, this project marks the second out of nine initiatives that received incentives in last year’s auctions organized by the Ministry of Mining and Energy. Minister Dubravka Đedović Handanović emphasized that all electricity produced will be utilized within the domestic market, with the expectation that EPS will have its inaugural wind farm operational by early next year.
The “Pupin” wind farm is slated to comprise 16 wind turbines, boasting a cumulative capacity of 94.4 MW, as disclosed by Dušan Živković, the Acting Director General of EPS. Additionally, Živković highlighted that a power purchase agreement has been secured for a duration of 15 years.
Matteo Colandrea, Director for the Western Balkans at the European Bank for Reconstruction and Development, underscored the swift progression of the project into the financing phase, just five months after its inception.
Furthermore, the Ministry of Mining and Energy announced plans for increased investments in new production capacities derived from renewable sources in the upcoming period, with a particular focus on solar plants and reversible hydroelectric power plants.
