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.
Country updates
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November 30, 2018
Marguerite acquires 20% stake in waste-to-energy project in Belgrade
Marguerite has acquired a 20% stake in Beo Čista Energija (BCE), a company delivering a 25-year waste management and resource recovery project in Belgrade under a Public-Private Partnership (PPP) sche...
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September 11, 2018
Commercial operation for the 42 MW wind farm in Serbia
Elicio has opened the 42 MW wind farm in Serbia. The EUR 80 million investment will be supplying 38,000 more households with wind energy. The project is specifically located in southern Serbia, about...
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September 06, 2018
158 MW wind farm in Serbia reaches key construction milestones
Masdar has announced that Čibuk 1, the largest utility-scale commercial wind project in Serbia, has successfully reached a number of key milestones, and is on schedule to start production ea...
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July 30, 2018
MK Fintel WInd withdraws its first tranche for the Kosava wind farm
Following the earlier agreement, MK Fintel Wind withdraws EUR4.4 million (US$5 million) as its first tranche of an EUR81.5 million bank loan from a pool of banks that includes Erste Group, Erste Bank...
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July 20, 2018
Vestas to supply turbines for the Kosava I wind facility
MK Fintel Wind has contracted Vestas to equip the Kosava I wind farm with 20 units of V126-3.45 MW turbines. The contract comes with a 12-year service agreement. The wind turbines are expected...
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