EBRD to finance solar-thermal power plant in Serbia
The European Bank for Reconstruction and Development (EBRD) has invested up to EUR 105 million (US$ 109.5 million) in a large-scale solar-thermal plant in Novi Sad, Serbia.
The project is expected to be co-financed by an investment grant of up to EUR 21 million (US$ 21.5 million), plus EUR 3 million (US$ 3.08 million) of project implementation assistance, from the European Union (EU) and other donors through the Western Balkans Investment Framework (WBIF).
The loan will benefit Novosadska Toplana Novi Sad, the district heating company of Novi Sad and finance the construction of a large-scale solar-thermal power plant in Novi Sad, featuring 38,600 m² of solar collector fields, an 850,000 m³ seasonal heat storage system, a 17 MW heat pump and a 60 MW electric boiler, incorporating advanced power-to-heat technology. Novosadska Toplana Novi Sad will implement the project in conjunction with the Ministry of Mining and Energy, the city of Novi Sad, and the state power company Elektroprivreda Srbije (EPS).
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June 12, 2018
GGF to provide over US$35 million to wind projects in Serbia
The Green for Growth Fund (GGF) has announced that it has recently invested in two of the first large-scale wind farms in Serbia.
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Financial close for largest wind farm in Serbia
Wind Energy Balkan Group (WEBG) has achieved financial close of the 158 MW Dolovo Cibuk I wind farm, located in the north-east of Serbia.
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January 18, 2018
DEG acquires 10% stake in 158 MW wind farm in Serbia
DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) has acquired an equity interest of 10% in the Cibuk I wind farm in Serbia.
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December 08, 2017
Taaleri acquires an interest in the 158 MW Cibuk wind farm in Serbia
Taaleri Group is has signed an agreement with Cibuk Wind Holding regarding the acquisition of a minority interest in the under-construction Cibuk 1 wind farm, the largest wind project in Serbia to date.
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October 25, 2017
Masdar-led joint venture agrees financing for largest wind farm in Serbia
Financing for one of the largest wind power projects in mainland Europe has been agreed by the project’s shareholders and lenders at a ceremony in the Serbian capital of Belgrade.
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