Cibuk 1 further strengthens the UAE’s collaboration and cooperation with Serbia and its government.
A consortium led by Masdar, a subordinate of Mubadala Investment Company and one of the world’s leading renewable energy companies, on Friday, inaugurated Cibuk 1, the largest utility-scale commercial wind power project in Serbia and the Western Balkans.
Dr Thani Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment; Aleksandar Vucic, President of the Republic of Serbia; Aleksandar Antic, Serbia’s Minister of Mining and Energy; Mubarak Saeed Al Dhaheri, UAE Ambassador to Serbia; Khaled Al Qubaisi, CEO of aerospace, renewables and ICT attended the inauguration of the 300 million euro (Dh1.22 billion) wind farm at Mubadala; and other top-level government officials from both countries.
Built over a 37 sq. km site 50km from the capital Belgrade, Cibuk 1 has a strength of 158 MW and will provide sustainable, emissions-free power to 113,000 homes and displace over 370,000 tonnes of carbon dioxide per year – the same quantity of carbon sequestered by over six million trees.
Dr. Al Zeyoudi at the inauguration said: “Through its compelling business case, renewable energy has established itself as the new power generation technology of choice. With a funding of $309 billion, 2018 saw the addition of 171GW to the global renewable energy generation capacity. The rise in the uptake of renewables is driven by its increasing cost efficiency as well as increasing calls for sustainability around the world. We are proud to share that the UAE’s renewable energy projects that are operational and underway have a combined capacity of 11.4GW, including 8.4GW within the country and 3GW abroad.”