EU Secures €30 million grant for Kostolac wind farm

The project is financed by a loan from the German KfW Bank, Serbian power company (EPS) funds and a European Union (EU) grant of 30 million euros.

“The production of this power plant, i.e. its 20 wind turbines, will be sufficient to supply green energy to nearly 30,000 households,” the ministry quoted Djedovic-Handanovic as saying.

It is expected that the Kostolac wind farm, the first EPS wind power plant, will be connected to the grid and start delivering green energy to citizens in the first half of 2025. During the same period, EPS's solar power plant 'Petka' with a capacity of 9.75 MW should also be completed, said the Minister.

The EU ambassador to Serbia, Emanuele Giaufret, noted that the EU provides strong support to Serbia in the process of energy transition, adding that the Kostolac wind farm “symbolizes our commitment to reducing reliance on fossil fuels, decarbonizing our economies, and embracing renewable energy sources.”

German Ambassador to Belgrade Anke Konrad said the Kostolac wind farm is a milestone as it will increase the share of renewable energy in Serbia's energy production.

Its annual production of 187 gigawatt-hours will replace approximately 95,000 tons of coal that would be needed for the production of the same amount of electrical energy, added Konrad.