Serbia: Norwegian NBT wants to invest in RES projects

, News Serbia Energy

At a meeting with Serbian Energy Minister Zorana Mihajlovic, Magnus Johansen a Vice-President of the Norwegian company NBT said that the company is very interested in investing in Serbia, and that NBT had already joined the wind farm projects initiated by Windvision.

Minister Mihajlovic reminded that Serbia had adopted a new legal framework in the field of energy, including the first special Law on Renewable Energy Sources and emphasized that the country wanted to attract quality investments in that field. Norwegian Ambassador to Serbia Jorn Gjelstad, who also attended the meeting, said that he hoped that Norway and experienced Norwegian companies would increase their presence in Serbia and have an even more important role in the development and modernization of the energy sector in Serbia.

In early 2021, NBT has become a partner of WV International in developing wind farm projects in Serbia of a total installed capacity of 800 MW. The joint statement of the two companies said that NBT will do business in the Serbian market under the name of WV-NBT Srbija. Considering that it is always looking for opportunities for projects in developing markets, NBT has recognized Serbia as a reliable environment for green energy and decided to join forces with WV International, in order to realize the project portfolio together. The aim is to put into operation 800 MW at wind farms by 2026, and the first 168 MW will be available within the network as soon as 2023. In December 2019, WindVision and the municipality of Alibunar have signed an agreement on the right of easement for the use and installation of electricity transmission cables for the purpose of the construction of a new wind farm Banat 1. The wind farm complex will include two wind farms: Banat 1 near Vladimirovac and Banat 2 near Nikolinci. 44 wind turbines will be built in Vladimirovac with total installed capacity of 186 MW, while in Nikolinci, there will be 25 turbines with total installed capacity of 140 MW.