Fintel Energia plans to invest in Kosava wind farm

Fintel Energia Group has expressed its plan to invest 120 million euro ($139.5 million) in the first phase of the construction of the Kosava wind facility.

The project is implemented through MK Fintel Wind, a joint venture with MK Group, that has invested 20 million euro in it thus far.

The company, in February, agreed to receive a 81.5 million euro loan for the first phase of the construction of the project from Erste Group, Erste Bank Serbia, Unicredit Serbia, Zagrebacka Banka and the Development Bank of Austria (OeB).

The first phase is scheduled to be completed in 2019.