Serbia: Chinese Longyuan Power Group could invest in Serbia

, News Serbia Energy

The largest investor in wind farms in Asia, Chinese Longyuan Power Group Corporation is planning to further expand its business outside China, with projects in the United States, Canada, Poland, Kazakhstan and Serbia.

Longyuan’s President Li Enyi said that the new projects abroad are in early stages of development, adding that the countries in which it plans to invest are encompassed by the Chinese ―belt and road‖ initiative, which also includes Serbia.

Longyuan Power Group Corporation is a part of the the world’s largest electricity producer – China Energy Investments Corporation, and besides China, it has operational wind farms in South Africa and Canada.

Last week, Serbian Minister of Energy Aleksandar Antic said that out of 1,000 MW of installed capacity currently being built in Serbia, over 500 MW is in renewable sources, mostly in wind energy – 450 MW. 250 MW of installed capacity in wind energy is expected to be commissioned by the end of this year: 48 MW in Alibunar wind farm, 105 MW in Kovacica wind farm and 105 MW in Cibuk wind farm, while additional 250 MW in wind power will be commissioned in 2019.