Enlight Renewable Energy, project owner of the 104.5 MW wind farm located in Kovacica, Serbia, plans to start the operation of the project during the second quarter of 2019. The project will feature 38 wind turbines.
The project will receive 50% of the rate of €439/MWh until the project becomes fully operational. During the 12-year regulatory period, Enlight expects €28 million revenue.
Erste Group, Euler Hermes Germany, Erste Bank Serbia and European Bank for Reconstruction and Development (EBRD) are financing the project in the amount of EURO 142 million.