Serbia: Land lease for the largest onshore wind farm near Subotica

In late 2019, the members of the City Assembly of Subotica have adopted the decision on the preparation of the detailed regulation plan for the construction of the Maestrale Ring wind farm. Land owners in Cantavir near Subotica have signed contracts for the lease of land for the purpose of building the largest onshore wind farm in Europe, a project worth some 700 million euros. The land was leased for a period of 30 years and, according to local authorities, the construction of the wind farm could start in three to four years. Currently, the investor is developing an environmental impact assessment study.
The funds required for the preparation of the plan will be provided by the company Vetropark Maestrale Ring, a subsidiary of Fintel Energija. The total area amounts to around 10,800 hectares. It has been estimated that the wind farm to be built in Cantavir will have installed capacity of 600 MW Last February, the Board of Directors of Fintel Energija has reached a decision on the realization of the project for the construction of new wind farms in Serbia, including the largest onshore wind farm in Europe. Fintel Energija established new special purpose vehicles (SPV) for the development of three wind farm projects – 10 MW Lipar, 10 MW Lipar 2 and 572 MW Maestrale Ring, which would be the largest land-based wind farm in Europe. All three wind farms will be 100 % owned by Fintel Energija and will be located in the northern province of Vojvodina. European companies when it comes to the development of wind farm projects. MK Fintel Wind, a joint venture between Serbian MK Group and Fintel Energija has recently commissioned 117 MW Kosava wind farm near Vrsac. In November 2015, it has commissioned 9.9 MW wind farm near Kula, which is the first such facility in Serbia. It has three 178 meters high wind turbines, expected annual electricity generation of 27 GWh, while the value of the investment was around 15 million euros, while 6.6 MW La Piccolina wind farm near Vrsac was commissioned in October 2016. At the moment, MK Fintel Wind operates a total of 133 MW in wind power.