CWP Europe secures 210 MW in Serbia's renewable electricity auctions for Vetrozelena project
CWP Europe and our Vetrozelena strategic partners Power China Resources, have been awarded 210 MW in the inaugural renewable electricity auctions led by the Government of Serbia and the Ministry of Mining and Energy.
The Vetrozelena project with total capacity of 300 MW met the bidding requirements and secured 210 MW in the auction.
CWP Europe’s CEO Dimitar Enchev said on the occasion:
"We are thrilled to announce that CWP Europe, in collaboration with our esteemed partners Power China Resources, has been awarded in the tender. We are confident that this initiative will significantly enhance the already robust bilateral relations between Serbia and China, establishing a solid foundation for a fruitful and enduring long-term partnership. We extend our gratitude to the Serbian government for entrusting us with the responsibility of delivering low-cost green electricity through the Vetrozelena project."
CWP’s Vetrozelena wind farm, consisting of 48 turbines, has a planned installed capacity of 300 MW. The project’s electricity output will reduce CO2 emissions by around 820,000 tons every year and supply more than 185,000 households with green electricity. Vetrozelena wind farm will be the largest wind power plant in the country upon its completion in 2025.
CWP Europe is a leading company for the development of renewable energy projects in Southeast Europe. Over the past 15 years, CWP has invested in sustainable development and energy transition in the region and has already successfully realized some of the largest wind farms in the region, including the largest wind farm in Europe - the 600 MW Fântânele-Cogealac in Romania. It is currently developing over 6 GW of renewable energy capacity in Serbia, Bulgaria, Romania, Montenegro, Albania, Bosnia and Herzegovina, Slovenia, Moldova, and Ukraine. CWP Europe is a joint venture between CWP, a leading global renewable energy company, and Mercuria Energy Trading, one of the world's largest independent energy traders with more than $140 billion of revenue.
PowerChina Resources Ltd. is a platform company specializing in international investment business Power Construction Corporation of China Ltd., founded in 2012 in Beijing. It currently owns and manages 23 investment projects with a total global capacity of 5333.5 MW. Total assets in 2022 amounted to 60 billion yuan (8.3 billion euros).
For media enquiries:
Bogomila Galaboff
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E: bogomila.galaboff@cwp.global / P: +358 893 038 911