Slovenian investment fund Alfi Renewables d.o.o and Serbian diversified holding MK Group celebrated the inauguration of a significant milestone on Wednesday: a 105.6-megawatt (MW) wind farm in Serbia, marking the first of its kind in the eastern region of the Balkan country.
Dubbed the Krivaca Wind Park, this expansive facility, positioned near the village of Golubac, emerges as one of Southeast Europe's largest wind farms, heralding a new era of renewable energy in the region. According to a press statement, the wind farm is projected to yield 310 gigawatt-hours (GWh) of clean electricity annually, sufficient to supply power to approximately 75,000 households.
Covering an expanse of 56 square meters (602.7 square feet), the Krivaca Wind Park boasts a formidable infrastructure comprising 22 Nordex turbines, towering at a height of 179 meters, with blades extending 74 meters in length. Complementing this impressive array is a newly constructed transformer station, essential for facilitating efficient power distribution.
Securing the project's energy off-take is a pivotal 10-year power purchase agreement (PPA) with Swiss energy trader Axpo Holding, ensuring the sustained viability of the wind farm's operations.
Remarkably, the realization of this EUR 165 million (USD 178.7 million) endeavor was accomplished in just over two years, underscoring the efficacy and determination of the collaborative effort. Financing for the project was facilitated by a syndicate of banks, including Erste Bank, Raiffeisen Bank, OeEB, and NLB.
