Renewable Energy Project Kostolac – Windfarm

• Energy consumption per unit of gross domestic product in Serbia is four times higher than in Central Europe and continues to increase.
• The domestic electricity sector is poorly diversified and dependent on older power plants with high rehabilitation needs.
• Lack of funds in the Serbian electricity sector and high public debt prevent the financing of much-needed investment, especially in the area of modern environmental technologies and renewable energies.
• Energy production which is based primarily on lignite pollutes the environment and the climate due to high pollutant emissions.
• The transformation of the energy sector from dependency on fossil fuels towards climate-friendly production and more efficient use of energy poses high challenges too.
• The enormous potential for the use of climate-friendly electricity generation based on renewable energies has hardly been exploited so far.

The project includes the installation of 20 turbines with a capacity of 66 MW.

The project:

• is considered an important building block for the EU integration of Serbia,
• enables the exploitation of renewable energy resources and corresponding reduction in fossil fuels,
• stabilises Serbia’s energy supply through increased diversification in power production,
• has positive effects on Serbian investments in renewable energies with its signal character,
• improves permanently and cost-effectively Serbia’s electricity supply.