CWP Europe picks Chinese partner for 300-MW wind project in Serbia

Southeast Europe-focused renewables developer CWP Europe has signed an investment agreement with PowerChina Resources Ltd to deliver the 300-MW Vetrozelena wind project in Serbia.

The deal was signed in Belgrad on Friday by CWP Europe’s chief executive Dimitar Enchev and the executive vice president of PowerChina Resources, He Shiyou.

The scheme calls for the installation of 48 turbines with the combined capacity to generate enough power for more than 185,000 homes. The wind farm should be up and running in 2025. According to Enchev, the project represents one of the largest foreign direct investments in Serbia delivering low-cost clean electricity.

CWP Europe, a joint venture between renewable energy company CWP and Mercuria Energy Trading, is the developer of the 600-MW Fantanele Cogealac wind farm in Romania, which is the largest such facility in all of Europe. The company has a 6-GW-plus pipeline of utility-scale wind, solar and battery storage projects in Southeast Europe.

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