Masdar + Taaleri reach financial close on 154 MW Serbia wind farm: Renewables giant Masdar and Finnish renewables investment firm Taaleri have reached financial close on the second phase of the 154 MW Čibuk 2 onshore wind farm in Serbia, according to a statement (pdf). The plant is being developed under the Masdar Taaleri Generation JV in partnership with Serbian developer New Energy Solutions.

The details: UniCredit and Erste (Erste Group and Erste Bank Serbia) are extending a EUR 144 million debt facility to fund the project’s development, the statement notes.

About the plant: The Čibuk 2 utility-scale onshore wind farm will generate 400 GWh per annum and slash 311k tons of carbon emissions per year. Construction began this year and the plant is set to begin operations by 1Q 2026.

More on Čibuk 1: The 158 MW Čibuk 1 wind farm launched operations in October 2019 and is the largest utility-scale commercial wind project in Serbia and the Western Balkans. It was developed under a joint venture between Masdar (with 60% ownership), Taaleri Energia, and the investment arm of KfW, DEG.

Not the pair’s first collaboration: Masdar and Taaleri inaugurated the 200 MW Baynouna Solar Park in Jordan back in February 2023. The USD 260 mn project generates 560 GWh of electricity a year and offsets 360k tons of CO2 emissions, making it the largest clean energy project in Jordan. The project was developed via a power purchase agreement between Masdar and Jordan’s state electricity provider, the National Electric Power Company, and has been in commercial operation since 2020.

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