Europe’s largest wind farm on land to be built in SerbiaAdriatic Journal 7 February 2019
Serbian subsidiary of Italian Fintel Energia Group, Fintel Energija, announced this week plans to build three new wind farms in Serbia. One of them will be Europe’s largest wind farm on land and will have a capacity of 572 MW. The wind farm, to be located in Serbia’s northern region of Vojvodina, will be developed via Maestrale Ring, a special purpose vehicles (SPV) set up by the Fintel Energija. The farm will be 100% owned by the company which plans to develop the project via the special purpose vehicle Maestrale Ring. The other two wind farms will have the capacity of 10MW each and will be developed through SPVs Lipar and Lipar 2. The projects will increase Fintel Energija’s installed capacity in Serbia from 352 MW to 944 MW. The company’s CEO Tiziano Giovannetti believes the projects will speed up Serbia’s energy transition from fossil fuels to renewable energy, Balkan Green Energy News site reports. Fintel Energija is the only renewable energy company listed on the Belgrade Stock Exchange (BELEX).