Wellbury Wind Energy, Balkana To Build Two Wind Farms in Serbia for 470 Mln Euro - Media

BELGRADE (Serbia), January 21 (SeeNews) – Vienna-based Wellbury Wind Energy and Serbia's Balkana would build two wind farms with a combined installed capacity of 170 megawatts worth a total of 470 million euro ($661) in Serbia, Belgrade-based media reported.

Under an agreement with the Serbian town of Pancevo, the two firms will finance the construction of the wind farms, while the town will provide the land and the construction licence, news provider EMportal (www.emportal.rs) reported on Wednesday. The two wind farms will comprise a total of 60 turbines.

“The town will benefit from the power plants on many levels because, apart from the ecologically clean energy that will be generated over the next 25 years, it will also receive 0.5% of the gross income from the sale of electricity, and all the construction will be performed by local firms,” EMportal quoted Pancevo Deputy Mayor Dusan Mrvos as saying.

Wellbury Wind Energy and Balkana are the latest arrivals on Serbia's renewable energy market.

Italy’s SECI Energia is interested in building several hydro power plants and wind farms along the Drina river, in western Serbia, State Secretary at Serbia’s Energy Ministry Nikola Rajakovic said in November.

U.S.-based Green Star Alternative Energy (GSAE) said also in November it is in talks to buy its joint venture partner, Serbian wind farm and power trading company Notos. The joint venture company plans to build a 120 megawatt wind farm in northern Serbia that will generate more than $62 million in annual revenue, GSAE said in September.

($=0.7109 euro)

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