Serbia: Ivicom to develop Krivaca wind farm

, News Serbia Energy

Local company Ivicom Energy, a subsidiary of Austrian Ivicom Energy GmbH, announced that it will invest in the construction of Krivaca wind farm near Golubac in eastern Serbia. Wind farm will have installed capacity of 103.3 MW, while it should be put into operation in November 2017.

Ivicom’s local subsidiary in Serbia was established in 2009 in order to examine wind energy potential and develop wind power plant projects in the country. The company is already present in the region with several wind farm projects. In April, Croatian subsidiary won a concession for the construction of 40 MW wind farm in Teocak near Bihac in Bosnia and Herzegovina. The company is also involved in two wind farm projects in Montenegro: Mozura and Krnovo. The construction of Krnovo wind farm, a joint project with French Akuo Energy, is already ongoing and it is expected that construction works will be completed by the end of October.

In June, Serbian Government has adopted by-laws which allow investors to build wind farms in Serbia. Although it should have been adopted a year and a half ago, the Regulation on privileged producers of electricity from renewable sources stipulates agreements between power utility EPS and the investors, but also with banks which will finance the construction. Total capacity of 500 MW was booked by several companies at 15 locations. Serbian oil company NIS with Energowind has booked 102 MW for wind farm in Plandiste, ElectraWinds K-Wind plans to build 105 MW wind farm in Kovacica, while MK Fintel Wind, a joint venture of Italian company Fintel Energy and Serbian MK Group, has booked a total of 83 MW at three locations, which include already built wind farms in Kula and La Piccolina near Vrsac.

Earlier this month, Serbian Minister of Mining and Energy Aleksandar Antic said at the energy forum in Belgrade that Serbia is currently producing 21 % of its electricity from renewable energy sources. According to Antic, in recent years Serbia has commissioned 61 small hydropower plants (SHPP) with total installed capacity of 40 MW, 103 solar power plants, two wind farms and five biogas power plants.