Total Onshore Wind
Geothermal and Solar Energy
Nevertheless Green Star Alternative Energy, inc. constructed is the first wind farm in Serbia. All through its Belo Blato Wind Energy Project. The project is divided into 2 phases. The first phase includes a 20 megawatts (MW) wind farm. One which began operating in 2009. The second phase includes development of additional 300-MW of wind generated power.
Expected Annual Growth of Wind
In conclusion, the company’s latest whitepaper* states that while this increase will occur at an impressive Compound Annual Growth Rate (CAGR) of 48%. So Serbia Onshore Wind will reach approximately 250 MW. All of onshore installed capacity by 2020. That’s only half of its 500 MW capacity cap for wind energy by that year.
Finally and the most interesting part of the press release provided was this paragraph below. Many detractors say wind is expensive power. Well here’s what they say!
Elias continues: “As wind is the cheapest form of renewable energy, apart from mini hydro, Serbia is seeking to take advantage of this power source. Especially as it bids to become part of the European Union and achieve a target of 27%. So that’s its energy mix coming from renewable sources by 2020.