Serbia

Serbia

Serbian-Canadian Notos teams with US firm to build wind in Serbia

Serbian-Canadian company Notos is teaming up with Green Star Alternative Energy of the US and Serbian real estate firm Sirius Regulus to jointly develop wind power projects in Serbia. The partners will form a company in the Netherlands, with Green Star holding 51% of all energy assets -- an approach Green Star calls an adaptation to the complexities of foreign corporate ownership in Serbia. Notos will supply licensing, management and expertise. Sirius Regulus will provide land for the 20 MW Belo Blato wind project located in Zrenjanin, in the northern province of Vojvodina, making additional land available for future expansion, while Green Star arranges financing and distributes profits to its partners. The Belo Blato project, in which Notos has said it will invest over EUR 20 million (Windpower Monthly, August 2008) and is considering using Vestas 850 kW machines, will be the first wind development in the region. Notos has applied to municipal authorities for permission to develop the site and sought a license to produce electricity after receiving a letter of intent from Serbian power company EPS for co-operation. Green Star plans to explore other potential sites across Vojvodina, which experiences some of the most constant winds in the region, conducting measurements at Zrenjanin, Vrsac, Bela Crkva, Indjija, Irig, Sombor and Novi Sad. According to Notos' Miodrag Andric, the wind potential for Vojvodina is between 1500-2000 MW.

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