Basaid wind farm, Serbia

Basaid wind farm is an 85MW onshore wind power project. It is planned in Vojvodina, Serbia. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2023.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Onshore	85	–	85	Permitting	Vojvodina, Serbia	Akuo Energy; Basaid Wind; Initiatives & Energies Locales

Description

The project is being developed by Akuo Energy, Basaid Wind and Initiatives & Energies Locales. Akuo Energy and Initiatives & Energies Locales are currently owning the project.

The project cost is expected to be around $134.5m.

The wind power project consists of 15 turbines.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2023.

About Akuo Energy

Akuo Energy SAS (Akuo Energy) is a renewable energy company that develops, finances, builds and operates renewable energy power plants. The company offers services such as project management, engineering, procurement and construction; and operation and maintenance of renewable energy power plants. It generates power using renewable energy sources such as hydro energy, ocean thermal energy conversion, biomass, wind energy and solar energy. The company has operations in the UAE, Turkey, Indonesia, Luxembourg, the US, Uruguay, Croatia, Poland, Bulgaria, Australia, Dominican Republic and Mongolia. Akuo Energy is headquartered in Paris, France.

About Initiatives & Energies Locales

Initiatives & Energies Locales (IEL) develops, installs and exploits the projects in the domain of renewable energy while respecting different territories and their inhabitants. The company provides solutions that are reliable, effective and innovative. The renewable sources of energy handled are solar energy, wind energy and biomass energy. The company is headquartered in France.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.