Nordic renewable energy developer Emergy Group, in collaboration with WV International, has finalized an agreement to sell 168 MW of wind projects in Serbia to Heavy Energy International, a Hong Kong-based subsidiary of Chinese wind turbine manufacturer Sany Renewable Energy.
The transaction covers the project rights for the Alibunar wind farm A and B sites, located in the Alibunar municipality. These wind farms, with a combined capacity of 168 MW, are expected to generate around 480 GWh of electricity annually.
Heavy Energy International holds a 90% stake in the project companies responsible for the development of the Alibunar A and B wind farms, with the remaining 10% owned by Windvision Alibunar Holding BV, a Netherlands-based entity. This sale follows the selection of both wind farm phases for Contracts for Difference (CfD) in Serbia’s second renewable energy auction. Upon completion, the Alibunar wind farms will supply electricity to the state-owned utility EPS under a 15-year power purchase agreement (PPA).
Emergy, an independent power producer focused on southeastern Europe, and WV International plan to continue developing around 700 MW of wind energy projects in Serbia. The company is currently managing over 2 GW of renewable energy projects in progress across Serbia, Romania, Greece and Ukraine.
