Norwegian Energy and its Dutch-Belgian partner, WV International, have completed the sale of the wind farm project Alibunar with a total power of 168 megawatts, and the buyer of the majority share of 90 percent is the company Heavy Energy International from Hong Kong, a daughter company of the Chinese giant in the production of wind turbines SANY Renewable Energy, the portal writes eGateway.
The new owner is bought 90 percent of the shares and assumed strategic control over the implementation of the project. The company WV International retained a minority stake of 10 percent, while Emergy completely exited the Alibunar project.
The financial details of this contract have not been publicly disclosed, and the transaction includes complete project rights for the Alibunar 1 (96,6 MW) and Alibunar 2 (71,4 MW) sites in South Banat.
According to the plan, the wind farm will annually produce around 480 gigawatt-hours (GWh) of electricity, which is an amount sufficient to supply tens of thousands of households in Serbia and a significant step towards reducing carbon dioxide emissions.
As the portal writes, what makes this project particularly attractive for investors is the fact that the Alibunar wind farm successfully went through state auctions for the allocation of market premiums in Serbia.
The entire future electricity production will be delivered directly to the state company Elektroprivreda Srbije (EPS) on the basis of a long-term, fifteen-year purchase agreement, which guarantees investors a stable and predictable income in the next decade and a half.
Who are the owners of wind farms in Serbia?
Electricity produced in wind farms has been present in the Serbian energy mix for more than a decade. However, they produce an insignificant part of the total production, only 5,5 percent since the beginning of the year, according to data from the Energy flux portal.
Wind farms are mostly privately owned by foreigners, the exception being Kostolac wind farm, which is owned by EPS.
The Israeli company Enlight Renewable Energy owns the Kovačica (104,5 MW) and Pupin (95 MW) wind farms in South Banat, while the Belgian company Elicio manages the Alibunar (42 MW) and Malibunar (8 MW) wind farms near Alibunar. The Slovenian company Rudis invested in the Alibunar I wind farm with a capacity of nine megawatts.
One of the largest wind farms in the country, Chibuk 1 near Kovino, with a capacity of 158 megawatts, is owned by a consortium consisting of the Emirate's Masdar, Finland's Taaleri Energia and Germany's DEG. Domestic capital is also present in the wind energy sector through MK Fintel Wind, a joint venture between MK Group and Italy's Fintel Energie, which manages the wind farms Košava 1 near Vršac (69 MW), Kula (9,9 MW) and La Piccolina near Vršac (6,6 MW), while Košava 2 and Kula 2 are planned.
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