SUBSCRIBE
PROFILE

CWP Europe signs an investment agreement for 300 MW

CWP Europe and Power China Resources have signed an agreement to build Serbia's largest wind power plant, Vetrozelena, with a planned installed capacity of 300 MW. This project represents one of the largest foreign direct investments in Serbia and will provide green electricity to more than 185,000 households.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

On April 21, 2023, CWP Europe, the leading renewable energy developer in Southeast Europe, and Power China Resources signed an investment agreement to build the largest wind farm in Serbia. The agreement was signed in Belgrade by He Shiyou, executive vice president of PowerChina Resources, and Dimitar Enchev, managing director of CWP Europe.

CWP’s Vetrozelena wind farm will consist of 48 turbines with a planned installed capacity of 300 MW. The project will reduce CO2 emissions by approximately 820,000 tons per year and provide green electricity to over 185,000 homes. The Vetrozelena wind farm will be the largest wind power plant in the country when completed in 2025.

Combining the knowledge of CWP Europe and Power China Resources

This collaboration between CWP Europe and Power China Resources creates favorable conditions for further renewable energy developments in Serbia and shows that the country is on the path to diversify its energy mix. Both companies are in a unique position to collaborate and combine global knowledge with specific local experience.

Dimitar Enchev, CEO of CWP Europe, said, “We are delighted to welcome PowerChina Resources as a partner in the 300 MW Vetrozelena wind farm. This flagship project will be the largest wind farm in Serbia and one of the largest in the region when completed in 2025. Representing one of the largest foreign direct investments in Serbia, which will provide clean, low-cost electricity, the project is an important step towards diversifying and decarbonizing Serbia’s energy mix.”

Two companies firmly established in the market

CWP Europe is a leading company in the development of renewable energy projects in South East Europe. Over the past 15 years, CWP has invested in sustainable development and energy transition in the region and has already successfully completed some of the largest wind farms in the region, including the largest wind farm in Europe – the 600 MW Fântânele-Cogealac wind power plant in Romania. It is currently developing more than 6 GW of renewable energy capacity in Serbia, Bulgaria, Romania, Montenegro, Albania, Bosnia-Herzegovina, Slovenia, Moldova and Ukraine. CWP Europe is a joint venture between CWP, a leading global renewable energy company, and Mercuria Energy Trading, one of the world’s largest independent energy traders with over $140 billion in revenues.

PowerChina Resources Ltd. is a platform company specialized in international investment business of Power Construction Corporation of China Ltd. founded in 2012 in Beijing. It currently owns and manages 23 investment projects with a total capacity of 5333.5 MW worldwide. The total assets in 2022 amounted to 60 billion yuan (8.3 billion euros).

  • Popular on energynews.pro
Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Greek shipowners cut Russian crude links under new compliance rules
NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
Westinghouse and EDF reactors deemed viable for Slovenia’s JEK2 nuclear project
Anglo American and Teck merge to form copper giant in zero-premium deal
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Voltalia unveils SPRING, a strategic plan to restore profitability by 2026
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
Ineos pulls capital from the UK and commits £3bn investments in the US
Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Eskom rules out summer load shedding with 4000 MW added capacity
Eskom forecasts a load-shedding-free summer after covering 97% of winter demand, supported by 4000 MW added capacity and reduced operating expenses.
GE cuts 600 energy jobs in Europe, including 120 in France
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
SOLV Energy strengthens infrastructure capabilities with two strategic acquisitions
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.
Plural raises $7.13mn to fund decentralised energy assets
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander injects funds into Corinex to accelerate power grid digitalisation
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Industrial control transformer market to reach $1.48bn by 2030
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
Italy faces ten-year delay on EU climate targets
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
Dr Sultan Al Jaber wins ICIS CEO of the Year 2025 award for strategic performance
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
OX2 appoints Matthias Taft as new CEO after Paul Stormoen’s departure
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.
Global renewable energy investments reach $386 billion in first half
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.
Australian Oilseeds granted a reprieve from Nasdaq to meet equity threshold
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
Fermi America raises $350mn for its energy project dedicated to artificial intelligence
Fermi America has closed $350mn in financing led by Macquarie to accelerate the development of its HyperGrid™ energy campus, focused on artificial intelligence and high-performance data applications.
Soluna crosses one gigawatt milestone with two new data centres in Texas
Soluna Holdings launched two energy projects in Texas, reaching one gigawatt of cumulative capacity for its data centres, marking a new stage in the development of computing infrastructure powered by renewable energy.
Martijn Hagens to lead Eneco from March 2026
Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
Data centres in Japan to drive 60% of electricity demand growth by 2034
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.
Ørsted suffers historic drop and closes at around 26 USD after offshore project suspension
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.
Hydro-Québec increases net income and intensifies investments
Hydro-Québec reports net income of C$2.3 billion in the first half of 2025, up more than 20%, driven by a harsh winter and an effective arbitrage strategy on external markets.

Log in to read this article

You'll also have access to a selection of our best content.