Italian renewable energy developer Bondcom Renewable Energy (BGE) is developing a wind farm near the town of Boljevac, Serbia. The project represents a EUR 100 million investment, and will feature 40 2.5 MW wind turbines.

Under the development contract, BGE is to pay 1.5% of the price of generated power to the local municipality, over the duration of the land lease period of thirty years. This represents about EUR 1 million in profit for the municipality annually.

[source: Investicioni Fondovi]