Emergy has announced the successful completion of the sale of the 168 MW Alibunar wind project in Serbia to Heavy Energy International.
Following the signing of the transaction and fulfillment of all closing conditions, ownership of the project has now been formally transferred to Heavy Energy International. The buyer is expected to commence construction activities in the near term, marking an important milestone for one of Serbia's most significant renewable energy developments.
The Alibunar project, comprising Alibunar Windfarm A and B, was successfully developed by Emergy and its partner WV International and is expected to make a substantial contribution to Serbia's renewable energy ambitions and long-term energy security.
'The successful closing of this transaction represents a significant achievement for Emergy and our partners,' said Jan-Philip Suhren, CEO of Emergy. 'We are proud to have developed the Alibunar project to this stage and to hand over a high-quality, construction-ready renewable energy asset to Heavy Energy International. We look forward to seeing the project move into construction and ultimately deliver clean energy to Serbia for decades to come.'
The transaction underscores Emergy's strategy of originating, developing and maturing large-scale renewable energy projects across Southeast Europe. Together with its partners, Emergy continues to advance a substantial pipeline of wind and solar projects throughout the region.
Emergy would like to thank Heavy Energy International, WV International, advisers, local authorities and all stakeholders involved for their professionalism and collaboration throughout the transaction process.
About Emergy
Emergy is a Nordic renewable energy developer focused on creating large-scale wind and solar projects across Southeast Europe. Through a combination of local expertise, international experience and long-term commitment, Emergy develops renewable energy projects that support the region's energy transition and sustainable economic growth.
Source: Emergy
