Abu Dhabi clean energy company Masdar and Finnish renewable energy fund manager Taaleri Energia have inaugurated the 154-megawatt Čibuk 2 wind farm in Serbia, completing a combined 312-megawatt wind power complex that now stands as the largest wind hub in Serbia and the Western Balkans.

The two projects together represent more than USD 577 million of foreign direct investment in Serbia's energy infrastructure and are capable of powering around 178,800 households.

A Decade of Wind Investment in Serbia's South Banat Region

Čibuk 2 sits alongside the 158-megawatt Čibuk 1 wind farm in Serbia's South Banat region, approximately 40 kilometres from Belgrade. The two projects now operate as a single integrated complex, and their combined installed capacity of 312 megawatts represents a significant concentration of clean power generation in what has historically been one of the more fossil fuel-dependent corners of Europe.

The inauguration ceremony was held in Belgrade and attended by Dubravka Đedović Handanović, Serbia's Minister of Mining and Energy, Ahmed Almenhali, Ambassador of the United Arab Emirates to Serbia, and Elina Ollila, Deputy Ambassador of Finland to Serbia, alongside senior leadership from both Masdar and Taaleri Energia.

Đedović Handanović noted that the two Masdar-developed wind plants together currently account for around 25 percent of Serbia's combined wind and solar power capacity.

She described Čibuk 1 as having marked an early phase in the development of Serbia's wind energy capacity, while characterising Čibuk 2 as a standout project in what she called a more mature and dynamic phase of the market.

Project Specifications and Turbine Technology

Čibuk 2 comprises 22 Nordex turbines and is expected to generate up to 336,000 megawatt-hours of clean electricity annually, enough to power around 80,000 homes.

The project is projected to avoid approximately 311,200 tonnes of carbon dioxide emissions each year. The wind farm is owned on a 50-50 basis by Masdar and Taaleri Energia and was developed in partnership with New Energy Solutions.

During construction, more than 1,000 people were engaged across the workforce, subcontractors, and project management roles, with the majority drawn from the South Banat region local to the project site.

Serbia's Renewables Targets and Energy Security Rationale

The project arrives at a moment when Serbia is pursuing an ambitious expansion of its renewables base. The country has set a target of bringing approximately 3.5 gigawatts of new wind and solar capacity online by 2030, with the aim of reaching 45 percent of electricity generation from renewable sources by the same year.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said the inauguration demonstrated the company's ability to deliver complex projects at speed and at competitive cost.

He pointed to the over 300 megawatts now installed at the Čibuk hub as the foundation for a broader expansion across the wider region and Central and Eastern Europe.

Masdar has described Čibuk 2 as part of a strategy to strengthen Serbia's energy security by providing domestically generated power at competitive prices over the long term, reducing the country's exposure to fuel price volatility and supporting a more diversified national energy system.

Masdar's Wider Serbian and Regional Pipeline

Beyond the operational Čibuk complex, Masdar has disclosed a Serbian development pipeline of more than 200 megawatts spanning solar, wind and battery storage projects. The company characterised this pipeline as establishing a platform for growth across the wider region and into Central and Eastern Europe more broadly.

Masdar currently holds more than 65 gigawatts of capacity across established and high-growth renewable energy markets, encompassing solar, onshore wind, offshore wind, battery storage and hybrid solutions. The company has stated a target of reaching 100 gigawatts of energy capacity by 2030.

Taaleri Energia's Commitment to Eastern European Expansion

For Taaleri Energia, the Čibuk 2 inauguration represents the continuation of a long-term commitment to the region that stretches back to the development of the first project at the site. Kai Rintala, Managing Director of Taaleri Energia, said that the experience built through the Čibuk projects underpins the company's ambition to grow a broader portfolio across Eastern Europe.

Rintala described the completion of both projects operating together as evidence that dedicated investment expertise and disciplined project execution can deliver lasting value to local communities and to a country's energy transition. He said Taaleri Energia intends to develop its capabilities further in the years ahead.

The Finnish fund manager's involvement in the project reflects a broader pattern of Northern European renewable energy capital flowing into Southeastern Europe as countries in the region seek to diversify away from coal and imported fossil fuels and toward domestically generated clean power.

Powering Smarter Decisions Across Serbia's Energy Landscape

WithSerbia's power sector undergoing one of its most ambitious transformations in decades, driven by renewable targets, grid modernisation, and energy security mandates, the organisations that win contracts and shape infrastructure are those with the clearest view of what is being built, where, and by whom.

The Global Project Tracking (GPT) platform by Blackridge Research gives power sector professionals across Serbia a structured, continuously updated intelligence layer over the entire project lifecycle. Whether you are tracking offshore wind pipelines, transmission upgrades in Serbia, or nuclear decommissioning programmes, the platform consolidates critical data into a single, navigable environment.

For developers, contractors, suppliers, and investors operating in Serbia's competitive power market, timing and precision are everything. Missing a tender window or overlooking a newly awarded contract can mean losing ground to a better-informed rival. GPT is designed to close that intelligence gap before it costs you.

• Upcoming Projects

• Tender Notices

• Contract Awards

• Projects Under Construction

• Completed Projects

See how the Global Project Tracking (GPT) platform by Blackridge Research can sharpen your strategy in Serbia's evolving power sector. Book a Free Demo with our team today.