Grid Connected
Combining a global perspective with extensive local experience, CWP Europe is developing 7+ GW of utility-scale wind, solar and battery storage projects in Southeast Europe, in a joint venture with Mercuria. To date, it has successfully developed, financed and built numerous wind and solar projects totaling nearly 6 GW in capacity and $4 billion of investment in Europe and Australia.
7 GW
of wind, solar & BESS development
6 GW
developed globally since 2006
758 MW
already built in SEE
€4 billion
of financing raised
About CWP Europe
CWP is a pioneer of renewable energy in Southeast Europe (SEE), having successfully developed the largest wind farms in Serbia (the 158 MW Čibuk project) and Romania (the 600 MW Fântânele-Cogealac project). In 2018, having been primarily focused on Australia over the previous several years, we foresaw the trends and opportunities emerging in the SEE region and restarted full-scale development with the goal of delivering a large, diversified portfolio in the 2019 – 2025 period.
In 2021 CWP entered into a joint venture with Mercuria Energy Trading, one of the world’s largest independent energy traders with more than $174 billion of revenue. The purpose of the partnership is to complete CWP’s portfolio in the region, combining Mercuria’s energy trading expertise and financial strength with CWP’s in-depth renewable energy and local experience. This has enabled CWP to supercharge its already ambitious plans and enhance its offering of low-cost green energy to corporate clients.
CWP’s mission is to accelerate the energy transition in the region by increasing the share of renewables in the energy mix, thus also increasing energy independence, and lowering greenhouse gas emissions. Bulgaria, Serbia, Romania, and Ukraine are Europe’s most carbon-intensive energy markets, with coal still dominating the energy mix. These countries also have some of Europe’s most polluted air, and some of the highest rates of premature deaths caused by air pollution in the developed world. Their decarbonization is an urgent priority and will require tens of thousands of megawatts of wind and solar energy.
Drawing on the experience and innovative business models we developed and perfected in Australia, combined with our deep understanding of the local energy landscape and our longstanding presence in SEE, we are ideally positioned to lead the energy transition to subsidy-free renewables. Our commitment to community engagement – an approach which creates genuine and long-term positive relationships with all stakeholders, including landowners and local communities – allows us to achieve this by creating successful and impactful projects that bring value to all parties involved.
Vetrozelena
Location
Pančevo, Serbia
300 MW Wind
The Vetrozelena wind farm is a large-scale renewable energy project developed by CWP in Serbia’s windy Vojvodina region. As the second project undertaken by CWP in the country, it will be twice the size of the previous one, boasting a capacity of 300 MW with 48 wind turbines. The estimated expected annual gross production of the entire wind farm is around 750 GWh, which will be enough to supply more than 185,000 households with green electricity. The production of green electricity will reduce CO2 emissions by 820,000 tons each year which will support Serbia’s energy transition goals.
Vetrozelena has secured its position as the largest fully permitted wind farm in Serbia, having obtained all necessary permits for development. Also, the project has successfully secured offtake agreements, including a Power Purchase Agreement (PPA) awarded through the auctions system.
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