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Sun 13 Oct 2019 11:02 AM

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Masdar-led consortium launches $331m wind farm in Serbia

Cibuk 1 is the largest utility-scale commercial wind project in Serbia and the Western Balkans.

Masdar-led consortium launches $331m wind farm in Serbia
The project supports Serbia’s pledge to produce 27 percent of its domestic power needs from renewable energy sources by 2020, while helping to reduce its dependence on coal-fired power generation.

A consortium led by Masdar, a subsidiary of Mubadala Investment, has inaugurated the $331 million Čibuk 1, the largest utility-scale commercial wind project in Serbia and the Western Balkans.

Built over a 37-square-kilometre site, 50km from the capital, Belgrade, Čibuk 1 comprises of 57GE Renewable Energy’s 2.75-125 onshore wind turbines.

With a capacity of 158 megawatts (MW), the wind farm will provide sustainable, emissions-free power to 113,000 homes and displace more than 370,000 tonnes of carbon dioxide per year - the same amount of carbon removed by more than 6 million trees. 

Dr Al Zeyoudi, Minister of Climate Change and Environment, said: “With an investment of $309 billion, 2018 saw the addition of 171GW to the global renewable energy generation capacity. The rise in the uptake of renewables is driven by its increasing cost efficiency as well as growing calls for sustainability around the world.

“We are proud to share that the UAE’s renewable energy projects that are operational and underway have a combined capacity of 11.4GW, including 8.4GW within the country and 3GW abroad.”

Čibuk 1 was developed by Vetroelektrane Balkana (WEBG), a Serbian company which is wholly owned by Tesla Wind, a joint venture between Masdar (60 percent), the Taaleri SolarWind I fund, managed by Finnish renewable energy infrastructure fund manager and developer Taaleri Energia (30 percent), and German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (10 percent).

The project supports Serbia’s pledge to produce 27 percent of its domestic power needs from renewable energy sources by 2020, while helping to reduce its dependence on coal-fired power generation. Čibuk 1 also created 400 local jobs during construction and delivered 50km of new roads in the surrounding area.

It is Masdar’s fifth wind farm in Europe after the 630MW London Array, one of the world’s largest offshore wind farms in operation, the 402MW Dudgeon offshore wind farm in England, and Hywind Scotland, a 30MW floating wind power development situated near the coast of Aberdeenshire. Masdar is also a partner in the 72MW Krnovo wind energy project in Montenegro.

In January this year, EDF Renewables and Masdar announced their selection to develop the Middle East’s largest wind farm, the 400MW Dumat Al Jandal project in Saudi Arabia.

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