Serbian state-owned power utility EPS has signed an agreement on the financing of the construction of Kostolac wind farm with German KfW Bank.
Serbian Minister of Mining and Energy Aleksandar Antic said on the occasion that EPS, as the largest energy company in the region, continues to invest in renewable energy project, and that wind farm in Kostolac would be the first wind facility built by the power utility. He added that the construction of this wind farms is one step towards the goal of reaching 27 % of total consumption from renewable sources. He reminded that Serbia’s renewable capacity currently stands at about 100 MW, but additional 500 MW of installed capacity is under development, mostly in wind power.
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Tags: construction, electricity, EPS, KfW Bank, Kostolac, loan, Serbia, wind, wind farm