Masdar and Taaleri Enters into JV to accelerate RE development in Central and Eastern Europe

Masdar and Taaleri Energia have announced that it has entered into a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aspires to build upon the success of Masdar and Taaleri’s enduring activities in the Western Balkans by escalating their collaboration through the joint development of onshore wind and solar photovoltaic (PV) projects.

The joint venture agreement was signed by Karri Haaparinne, Deputy Chief Executive Officer of Taaleri Plc, and Bader Al Lamki, Executive Director of Clean Energy, Masdar, on the lines of the World Future Energy Summit (WFES), which is being organized as part of the Abu Dhabi Sustainability Week (ADSW) 2019 at the Abu Dhabi National Exhibition Center (ADNEC).

Bader Al Lamki, Executive Director of Clean Energy, Masdar, said: “What we’ve accomplished in partnership with Taaleri in Serbia and Jordan is a testament to the important role that strong partnerships play in unlocking access to renewable energy. We are proud to build on the experiences gained through our strong collaboration, to help countries in Central and Eastern Europe meet their renewable energy goals.”

Masdar has progressively expanded its renewable energy portfolio in the Balkans through investments in large-scale onshore wind projects. In addition to the Čibuk 1 wind farm in Serbia, Masdar declared in 2018 that it had attained a 49 per cent stake in the 72MW onshore Krnovo wind farm, which became Masdar’s second wind farm investment in the region.