State-owned power utility EPS has secured the purchase of electricity from the upcoming Alibunar 1 and 2 wind farms, which will have a combined capacity of 168 MW. This move is part of EPS’s ongoing commitment to invest in renewable energy projects, aiming to strengthen its production portfolio and market position while supporting renewable energy investors. The entire output from these wind farms will be used within Serbia, with prices for purchase and balancing set according to market conditions. This strategy is designed to benefit investors, enhance EPS’s profitability, and improve the stability and reliability of Serbia’s energy system, ensuring a steady supply for households and businesses.
EPS General Director Dusan Zivkovic emphasized that the two rounds of Serbia’s RES auctions secured an additional 850 MW of new capacity from wind and solar projects. Alongside this, EPS, along with other investors and independent producers, has already reached a combined installed renewable capacity of 2.6 GW. Zivkovic further revealed that by 2028, this renewable capacity would increase by 1 GW through the development of self-balancing solar power plants with a strategic partner. With this expansion, renewable energy sources are expected to account for 50% of EPS’s total electricity production.
In early 2025, Nordic renewable energy developer Emergy Group, in collaboration with WV International, concluded 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 deal includes the project rights for the Alibunar 1 and 2 wind farms, located in the Alibunar municipality. These wind farms are projected to generate around 480 GWh of electricity annually. Heavy Energy International owns a 90% stake in the companies developing the wind farms, while the remaining 10% is held by Windvision Alibunar Holding BV, a Netherlands-based company.
