EBRD considers financing 104.5 MW Kovacica wind farm in Serbia
In order to help finance one of the Balkan country's first wind farms, the European Bank for Reconstruction and Development (EBRD) is considering lending up to €50 million (US$54.3 million) to Serbian company Electrawinds K-Wind.
With an estimated cost of €185 million (US$201 million), the 104.5 MW project in the northern town of Kovacica will be among the first large-scale privately-run wind farms in Serbia. The wind farm will help diversify the country's power sector as it produces 30% of its supply from hydro and 70% from coal.
Electrawinds K-Wind is a special purpose vehicle set up in Serbia currently owned by Solaveris Limited and Enlight Renewable Energy Ltd. through its subsidiary Blacklight Energies. It will comprise 38 wind turbines with 2.75 MW capacity each and including a 220/33-35 KV substation located 50km northeast of Belgrade.
The project will be financed through equity and up to €140 million (US$152 million) debt.
Country news
-
-
November 16, 2015
MK Fintel Wind announces new 9.9 MW wind project in Serbia
MK Fintel Wind has commisioned a 9.9 MW wind park located in the northern town of Kula, Serbia. Read more -
November 10, 2015
Building Energy to start the construction of its first biomass power plant in Serbia
Building Energy and the City of Krusevac have announced the construction of a biomass power plant in Krusevac, in Central Serbia. Read more -
January 05, 2015
IFC considers investing in Serbian wind project
The International Finance Corporation (IFC), a member of the World Bank Group, is considering financing a 158 MW greenfield wind power plant, in the Kovin municipality in the Banat region of Serbia. Read more -
February 13, 2015
EBRD to finance Serbian wind farm
The EBRD is considering providing a loan for the development of the 158 MW Dolovo Cibuk I Wind Farm in the municipality of Kovin in the province of Vojvodina, north-eastern Serbia. Read more -
July 31, 2015
Investors join Fintel Energia in largest Balkan wind project
Fintel Energia has announced that its Serbian subsidiary, MK-Fintel Wind, has signed a preliminary agreement with an international consortium for the financing and construction of the 128.7 MW Kosava wind project in Serbia. Read more
