The new 20 windmills, the biggest investment so far
MK Fintel Wind has started construction of the third wind farm inIzbište near Vršac, Serbia. The company will invest 124 million eur in the first phase. It is planned that the first works on the Košava wind farm would be completed by the end of 2018. Košava will have 20 windmills with a total power of 69 megawatts and will supply electricity to 40,000 households.
Executive Director of Fintel Energia Spa and MK Fintel Wind Tiziano Giovannetti said that this is the biggest investment so far in renewable energy sources in Serbia and that the continuation of the investment is already planned. "We will engage local firms and domestic workers, whose expertise and experience, hopefully, will help in completing the works within the deadline" said Giovannetti. He added that the second phase of works envisages the construction of an additional 19 turbines worth more than 100 million euros.
Minister of Mines and Energy Aleksandar Antić said that this project will help Serbia fulfill the obligation from the National Action Plan for Renewable Energy Sources, which predicts that by 2020, the share of renewable energy sources will be 27% in the total consumption.
"Presently, the share of energy consumption from renewable sources is close to 23 percent and we expect it to be bigger in the future" said Antić. He added that there are several construction projects that will enable the production of about 500 megawatts of green energy.
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