New Kostolac Wind Farm is funded with WBIF EU grant of €30 M and KfW grant and loan €81.8 M worth. The Government of the Republic of Serbia (EPS funds) will contribute with €32.2 M. Expected completion is in 2025.
This project will install a 66 MW wind farm in Kostolac, in eastern Serbia, on the site of depleted open-cast mines. The plant is expected to produce 187 GWh of electricity, equivalent to the energy demand of 45,000 households, and displace 174,000 tonnes of CO2 annually. The investments are part of the country’s effort to diversify the energy mix, increase renewable electricity generation, reduce dependence on fossil fuels, support decarbonisation, and clean up and reuse the site of the exhausted coal mine.
Detailed project information:
https://europa.rs/wind-energy-from-kostolac/?lang=en