Serbia

Serbia

Serbian developer planning 571.2MW wind farm

Serbian developer Fintel Energija has launched development of a 571.2MW wind farm, which could be one of the largest onshore sites in Europe.

Fintel Energija's 9.9MW Kula wind farm in Vojvodina, Serbia
Fintel Energija's 9.9MW Kula wind farm in Vojvodina, Serbia

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Its Maestrale Ring project in the north of Serbia would comprise 102 turbines with power ratings of 5.6MW, a spokeswoman told Windpower Monthly.

Construction of the site in the Vojvodina province would likely take place in five phases, with about 20 turbines being installed during each stage.

The spokeswoman added this approach would depend on finance conditions.

Fintel Energija is currently preparing to place a ‘wind bond’ to fund the project’s construction. The developer said there is a "big appetite" for the bond, due to the project’s size.

It would fully own the project and expects Maestrale Ring to be fully permitted by early 2020.

Fintel Energija has filed with the Belgrade Stock Exchange to set up a special purpose vehicle (SPV) for a 571.2MW wind farm

The company's spokeswoman said it could not confirm the supplier of Maestrale Ring’s 102 turbines.

Its 571.2MW capacity would make it the largest onshore wind farm in Serbia, but not in Europe: Maestrale Ring's capacity would make it slightly smaller than CEZ Group’s 600MW Fantanele-Cogealac wind farm in neighbouring Romania.

Fintel Energija, which is fully owned by the Italian Fintel Enegia Group, registered SPVs for two other wind farms. The Lipar and Lipar II, projects would both be in Vojvodina and would both be 10MW.

Together, the three projects would increase the Serbian company’s wind power pipeline from 352MW to 944MW.

All of Serbia's 66.5MW capacity is installed in Vojvodina, including two projects owned by Fintel Energija, according to Winddpower Intelligence, the research and data division of Windpower Monthly.

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