South-East Europe Drives Wind Energy Growth Amid Expanding Projects and Agreements
Recent developments in South-East Europe’s wind energy sector highlight significant progress in construction, financing, and agreements. In Romania, Nala Renewables is advancing its 99.2MW Green Breeze project in Galați county, featuring 16 Vestas V162-6.2 MW turbines. Remy Verot, COO of Nala Renewables, hailed it as an “important milestone” for the company’s portfolio. Acquired from OX2 in August 2024, the project is supported by a 12-year power purchase agreement (PPA), with OX2 managing construction and future operations.
In Constanța county, Eurowind Energy is installing eight Siemens Gamesa SG 6.6-170 turbines for its 48MW Pecineaga wind farm, set for completion by Q1 2025.
In Greece, Amazon signed four PPAs for wind farms, including the 293MW Vermio (divided into Vermio North and South) and the 35.4MW Mesokorfi and 29.5MW Koukouras projects, with operations expected in 2026.
Albania saw Masdar and Korporata Elektroenergjitike Shqiptare (KESH) sign a term sheet for gigawatt-scale renewable projects, including wind and solar, aimed at domestic and export markets.
In Serbia, Masdar and Taaleri Energia achieved financial closure for the 154MW Čibuk 2 wind farm, featuring 22 Nordex turbines, with operations planned for early 2026.
Montenegro’s Elektroprivreda Crne Gore (EPCG) launched construction of the €82 million, 54.6MW Gvozd wind farm, expected to deliver power by the end of 2025.
In Croatia, Mezzanine Partners secured €50 million for its Energy Adria fund, targeting over 200MW of wind and solar projects.
Finally, the European Bank for Reconstruction and Development (EBRD) is considering a €62 million loan for a 147MW wind farm in Volyn, Ukraine, bolstering energy resilience amid ongoing challenges.
Source: WINDPOWER Monthly
