The European Bank for Reconstruction and Development (EBRD) lends EUR58 million to finance for the construction and operation of the 105 MW Bajgora Wind project in Mitrovica, Kosovo.
EBRD lends half of the total required financing for the project, and the rest will be provided by Erste Group Bank and NLB Bank, both benefiting from the cover provided by the Euler Hermes.
Bajgora Wind project will represent about 10% of the country’s installed capacity and expected to offset up to 247,000 tonnes of CO2 annually, Once operational.
The funding for the Bajgora wind farm will enable its owners, Sowi Kosovo LLC, to build and operate a wind farm in the Mitrovica municipality. Sowi Kosovo LLC is majority-owned and controlled by Enlight Renewable Energy Ltd, an Israeli renewable energy company and existing client of the EBRD, alongside its German and Kosovan partners.
Country updates
-
-
October 28, 2019
IFC assists Kosovo insolar project tender
The International Finance Corporation (IFC) of the World Bank has signed an agreement with the Government of Kosovo for the development of a 50 MW solar photovoltaic project. IFC will assist th...
Read more -
October 15, 2019
EBRD's financing for 105 MW Bajgora Wind project in Mitrovica awaits board approval
The European Bank of Reconstruction and Development's provision of a senior long-term loan to finance the construction of the 105 MW wind farm located in the Mitrovica Municipality in Northern Kosovo...
Read more -
July 15, 2019
EBRD supports EUR18 million loan to 32 MW Kitka wind project in Kosovo
The EBRD is supporting the wind farm at Kitka in the east of Kosovo with an EUR18 million (US$20 million) loan. The investment represents a milestone towards decarbonisation in a country where l...
Read more -
June 19, 2019
EBRD to finance construction of 105 MW wind project in Kosovo
The European Bank for Reconstruction and Development will support the construction of a 105 MW wind farm in Kosovo with a EUR55 million (US$62.1 million) senior loan. The EUR157 million (US$176 milli...
Read more -
February 01, 2019
SOWI plans to invest EUR 169 million for the 105 MW wind project in Mitrovica
SOWI Kosovo is planning to invest EUR 169 million for the 105 MW wind project in Mitrovica. The company is a German-Kosovo renewable energy joint venture, a full-service provider w...
Read more
