This project will install a 66 MW wind farm in Kostolac, in eastern Serbia, on the site of depleted open-cast mines. The plant is expected to produce 187 GWh of electricity, equivalent to the energy demand of 45,000 households, and displace 174,000 tonnes of CO2 annually.
The investments are part of the country’s effort to diversify the energy mix, increase renewable electricity generation, reduce dependence on fossil fuels, support decarbonisation, and clean up and reuse the site of the exhausted coal mine.
The EU co-funds the investments under Flagship 4 - Renewable energy - of the Economic and Investment Plan for the Western Balkans through the WBIF.
| WBIF | Grant | WB-IG07-SRB-ENE-03 | € 31,003,040 |
| KFW | Loan | € 80,000,000 | |
| KFW | External Grant | € 1,790,000 | |
| EPS | Own Contribution | € 32,268,000 | |
| Total | € 145,061,040 | ||
| Total Grants | € 31,003,040 | ||
| Total Loans | € 80,000,000 | ||
