Fintel Energija, the Serbian arm of Italian Fintel Energia Group, has announced plans to begin construction of the largest wind farm in Europe.
In a filing with the Belgrade Stock Exchange on Monday, Fintel Energija said that the planned wind farm will be located in the region of Vojvodina, in northern Serbia and will have an installed capacity of 572 MW.
Source: MK Group
The project will be built using a special purpose vehicle known as the Maestrale Ring, Fintel Energija also has plans to build another two wind farms in the Vojvodina region, each with 10 MW of installed capacity. These will be built by utilising the Lipar and Lipar 2 special purpose vehicles.
Each of the three special purpose vehicles will be fully owned by Fintel Energija.
The three projects combined will increase Fintel Energija's total installed capacity in Serbia from 352 MW to 944 MW.
Fintel Energija completed the first Initial Public Offering on the Belgrade Stock Exchange since 1940 last November.
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