The construction of the „Kostolac” wind farm is currently underway, set to provide electricity for over 30,000 households. This 144 million euros investment is financed through German development cooperation: KfW Bank has provided a 110 million euros loan, while the European Union contributes 30 million euros in grants. The remaining funding is covered by Elektroprivreda Srbije (EPS), according to a statement from the Government.
Dubravka Đedović Handanović, Minister of Mining and Energy, visited the site, emphasizing that this is the first wind power plant for EPS. With a capacity of 66 megawatts, it will enhance energy supply security and advance the decarbonization agenda of Serbia.
She noted that the old mining landfill is being transformed into a site for producing clean energy with reduced environmental impact.
„By the end of the decade, almost every second megawatt-hour of electricity will be produced from renewable energy sources, demonstrating that we have initiated an unstoppable process of energy transition”, the minister stated. She added that the Energy Community has confirmed this, recognizing Serbia as a leader in implementing reforms in this sector.
Dušan Živković, General Director of EPS AD, reported that intensive work is ongoing across all four locations, with 15 foundations already completed, wind turbines VG7 and VG6 constructed, and the construction of turbine 1 next in line.
According to him, a substation, a switchyard, and an internal cable network are under construction, with project completion expected by mid-2025.
„All building permits have been obtained for the project, and the wind farm will produce 187 million kilowatt-hours annually”, he explained.
More:
- First Wind Turbine Installed at the „Kostolac” Wind Farm
- What Changes in the Energy Law Bring for the Renewable Energy Sector
- Wind Turbine Orders and Supply Chain Investments Are Up – But Urgent Action Is Required on Grids, Permitting And Auction Design
Serbia’s progress towards a greener future and EU integration
Emanuel Giaufret, Head of the EU Delegation to Serbia, also visited the site and described the „Kostolac” wind farm as a significant achievement in Serbia’s energy transition and a testament to the strong partnership between Serbia and the EU.
„From improving energy efficiency to fostering renewable energy projects, we are committed to helping Serbia build a resilient and modern energy system. This partnership, rooted in the European Green Deal and the Green Agenda for the Western Balkans, demonstrates that sustainable growth and environmental protection can go hand in hand, supporting Serbia’s progress towards EU integration and a greener future”, Giaufret emphasized.
German Ambassador Anke Konard also visited the site, expressing Germany’s pride in supporting the construction of Serbia’s first public wind power plant. This is part of a long-standing development cooperation in the transition to green energy, which has been ongoing since 2000.
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