Mercuria CSR Report 2021 - Flipbook - Page 74
PARTNER PROFILE – CWP
In October of 2021, CWP, the leading independent renewable energy developer in Southeast Europe
and Australia, and Mercuria Energy Trading have joined forces to complete development and build out
CWP ‘s renewable energy portfolio in Southeast Europe. CWP’s project portfolio has been in active
development since 2018 and consists of more than 2 gigawatts (GW) of large-scale wind, solar, and
battery storage projects across Bulgaria, Serbia, Romania and Ukraine. Mercuria’s investment in CWP
Europe will support its efforts to accelerate decarbonisation in the four carbon-intensive countries. This
partnership profile provides further insights into this remarkable company.
Why a partnership between CWP and Mercuria?
CWP was founded in 2006 to deliver renewable energy across Southeast Europe and developed the
largest onshore windfarm in Europe (the 600 MW Fantanele-Cogealac project in Romania), as well as the
largest wind farm in Serbia (the 158 MW Cibuk wind farm). As such, CWP is the leading renewable energy
developer active in Southeast Europe.
Bulgaria, Serbia, Romania, and Ukraine are Europe’s most carbon-intensive energy markets, with coal still
dominating the energy mix. These countries also have some of Europe’s most polluted air, and some of the
highest rates of premature deaths caused by air pollution in the developed world. They are also the most
energy intensive countries in Europe and likely to suffer even further financially from carbon taxation due
to their overreliance on coal-fired generation, which needs to be phased out as soon as possible.
CWP is currently developing over 2 GW of utility-scale wind, solar and battery storage projects in
Bulgaria, Serbia, Romania, and Ukraine. Their decarbonization is an urgent priority and will require tens
of thousands of megawatts of wind and solar energy.
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