CWP Global is growing tasks with a capability of 6 GW, and sees many alternatives to increase its portfolio in Southeast Europe, Maja Turković, Vice President for Europe at CWP Global and one of many co-founders of WISE Serbia community, mentioned on the Belgrade Energy Forum 2024.
Maja Turković participated in a panel dialogue on the BEF 2024 convention addressing the challenges of the vitality transition grid. This 12 months the occasion introduced collectively greater than 400 individuals from 26 nations all over the world, together with representatives of 150 firms.
Turković emphasised that CWP Global is without doubt one of the pioneers within the improvement of renewable vitality tasks. It is out there in 9 markets: Albania, Bosnia and Herzegovina, Bulgaria, Montenegro, Moldova, Romania, Slovenia, Serbia, and Ukraine, he mentioned.
“We have greater than 6 GW of wind, photo voltaic, vitality storage tasks beneath improvement,” he identified and added that there are greater than 150 workers within the undertaking improvement workforce together with many younger individuals and ladies. .
Turković highlighted Serbia, the place in 2006 CWP Global began its operations, as the primary market. It developed its first undertaking there, the Čibuk 1 wind farm. He recalled that the corporate has applied many giant tasks, together with till now the biggest onshore wind farm in Europe – the 600 MW Fântânele-Cogealac in Romania.
“We are already planning new tasks and we consider that Southeast Europe presents many alternatives to increase our portfolio,” mentioned Turković.
The new EMS guidelines are a take a look at for each events
In the panel Solutions on the horizon for overcoming grid challenges, he famous that with the brand new grid connection guidelines, the operator protects his sources by asking for collateral within the type of a not too small financial institution assure, which raises the stakes.
In his view, it is a take a look at for each the transmission system operator ELektromreža Srbije (EMS) and new traders.
“Investors is not going to depart simply, as a result of they’ve already began investing cash and defending their pursuits,” mentioned Turković.
According to him, the second the investor has to publish a multimillion-euro assure is a second when the undertaking is way from risk-free. There remains to be loads of time for numerous issues to come up, he added.
Noting that there’s a congestion of requests, Turković mentioned that there are additionally issues with the grid connection technique that haven’t been absolutely resolved.
Many tasks within the area
In Montenegro, CWP is growing the Montechevo photovoltaic plant. It is deliberate for set up within the cadastral cities of Lastva, Čevo and Prentin Do within the territory of the historic capital of Montenegro Cetinje. The 400 MW funding is estimated at EUR 360 million. It is about to be applied in phases.
In March final 12 months, the corporate acquired the 134 MW Studina photo voltaic undertaking in Romania. The plan is to place it on-line by the tip of 2024.
The firm additionally makes use of strategic partnerships to implement investments, so it partnered with PowerChina Resources to construct the Vetrozelena wind farm in Serbia.
CWP Global can also be engaged on the primary hybrid energy plant in Serbia. Lederata Energy will include a 50 MW photo voltaic park, a 100 MW wind farm and an vitality storage system of 20 MWh.
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