Serbia's Vojvodina autonomous province government issued a building permit for a 95.5 MW wind farm to local company Enlight K2 Wind, it said.
The wind farm, named Pupin, will be equipped with 16 turbines, and its construction is expected to be completed in the second half of 2023, the Vojvodina province government said in a statement on Tuesday.
Pupin will be constructed within the existing 104.5 MW Kovacica wind energy complex, operated by Serbian renewable energy management consultancy firm New Energy Solutions, the Vojvodina province government said.
"We are looking at the green future of Serbia as by 2040, 40% of the country's total energy will come from renewable sources," the director of New Energy Solutions, Milos Colic, said in the statement.
The entire capital of New Energy Solutions is owned by Cyprus-based company Drylake Limited, which controls a 33.3% stake in Enlight K2 Wind. Dutch-based Balkan Energies - Serbia 2 B.V. and Cyprus-based Wed Wind Energuy Developments Limited own 33.3% in Enlight K2 Wind each, according to data from Serbia's business registry.
In 2012 Electrawinds K-Wind started developing the Kovacica wind farm with permitting and development outsourced through New Energy Solutions. Israel's Enlight Renewable Energy acquired the project in 2016, and invested 189 million euro ($230 million) in the project, with New Energy Solutions remaining its direct operator.
($ = 0.8245 euro)
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