CWP Global has secured approvals from local authorities for three renewable project totalling 680 MW in Serbia. The Vetrogon wind project, with a capacity of 450 MW, will be located in Srbobran and Bečej. The €600m plant, which will generate 1.1 TWh/year, should enter construction in 2025. Commissioning is expected to take place in 2028. The Lederata Energy project in Požarevac and Veliko Gradište, which should generate 380 GWh/year, will include a 100 MW wind plant, a 50 MW wind park and an energy storage system of 20 MWh. Construction is scheduled to start in early 2025, and the €200m plant should be fully operational at the beginning of 2027. In addition, CWP Global will develop a 80 MW solar project in Kula and Ruski Krstur for €80m. Construction should start in early 2024 and commissioning is scheduled by end-2024. Annual generation is estimated at 136 GWh.
According to the “Energy Security of Serbia” programme released in February 2022, Serbia targets a minimum share of 49.6% of renewables in final energy consumption by 2040 and considers phasing out thermal power plants to reach a decarbonised economy in 2050. Wind accounts for 5% of Serbia's installed capacity, with 400 MW (end of 2021). Solar represents less than 1% of the country's capacity mix, with 30 MW.
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