Italy's Fintel Energia Group said on Thursday its Serbian unit MK-Fintel has
signed with Greek company EPC Contractor Prenecon S.A. and Vestas Systems two
contracts for the supply and construction of the 9.9 megawatt (MW) Kula wind
park in Serbia.
The facility, for which construction works had started in
November 2013 and right after halted because of change of wind turbine type,
will be completed by October 31, 2015, Fintel Energia Group said in a
statement.
The 13.94 million euro ($17.2 million) Kula wind farm, the
first of its kind in Serbia, is being funded through project financing provided
by Austria's Erste Bank.
The facility will generate annually around
27,000 meagwatt-hours of clean energy sold through a power purchase agreement at
92 euro per megawatt hours.
Along with the other company-owned 6.6 MW
facility in construction, La Piccolina, due to completion on late 2015, the Kula
wind farm accounts for 100% of the feed-in tariff subsidized wind energy
investments in Serbia for 2015.
Besides the above mentioned investments,
MK-Fintel fully owns in Serbia additional projects totaling 178.2 MW ready to
build.
MK Fintel Wind is a 46/54 joint venturebetween Serbia’s MK Group
and Fintel Energia Group. It was set up in 2008 to invest in green energy
projects in Serbia and the region