Investments & Holdings
Greenstone believes in the future of zero carbon energy generation against market prices, which can be further optimised with the right mix of energy storage assets. We have identified the following investment themes for the upcoming years:
Kladovo
Kladovo is fully permitted / ready to build 54MW wind project in Serbia, targeting to start the construction Q1 2023. During the phase 2, the project has a possibility to be expanded by additional 56MW, reaching the total capacity of 110MW
Possiblity to enhance building permit and install modern technology terbines; to obtain permit for utility scale battery storage.
Low capital investment due to the location and landscape
Exposure to high premium power market in Europe.
Scaleable generation capacity: Phase 2 to 110MW. Further expansion to 200MW based on proximity to 400KV line.
Kladovo
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Power prices are expected to rise with upward pressure on emissions and phase out of old coal and gas fired generation in the region
It is widely expected that Serbia will announce changes in the Energy Law paving a way for more renewable investments in the country
Serbian power prices are characterized by high volatility and driven by spikes in low hydro environment in the region; even the current market price environment wind farms would be able to generate enough returns
Serbia has previously pledged to have 27% of its generated electricity from wind sources by 2020; the number being 0.36% shows that country will further push to advance towards this target
Check out our Investment Themes
Greenstone believes in the future of zero carbon energy generation against market prices, which can be further optimised with the right mix of energy storage assets.
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