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.
