Wind power in Serbia
Miomir Stojković led a team that advised a large multinational company involved in the wind farm project Čibuk1 in Dolovo in Serbia.
Our work concerned advising on Serbian contract and tort rules, such as warranties, legal remedies, penalties and liquidated damages, limitations and exclusion of liability, dispute resolution, choice of law and venue, implications of force majeure, as well as working with government, environmental liability, intellectual property, contract suspension and termination, matters of indemnity and advice on wording of specific clauses within the contracts.
Our work also included advising on structuring of cross-border transactions in line with foreign exchange rules and proper contracting of performance guarantees.
The performed work relates to structuring and stipulating important legal relationships between the participants in the project to ensure their full compliance and performance delivery on the largest utility-scale commercial wind project in Serbia and the Western Balkans.
The performed work was an important contribution for creation of a sustainable legal platform which is foundation of development and running of the 158 megawatt (MW) capacity Čibuk 1 wind farm which will be the largest utility-scale commercial wind project in Serbia and the Western Balkans.
Covering an area of 37 square kilometres, Čibuk 1 will be built around 50 kilometres outside Belgrade in the autonomous province of Vojvodina. Comprising 57 wind turbines, the project is expected to provide electricity to 113,000 homes on delivery and displace more than 370,000 tonnes of carbon dioxide per year.
Besides helping to minimise the environmental impacts of Serbia’s power sector, Čibuk 1 is expected to create as many as 400 local jobs during construction while also delivering 50 kilometres of new roads.