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.
Country updates
-
-
June 12, 2018
GGF to provide over US$35 million to wind projects in Serbia
The Green for Growth Fund (GGF) has announced that it has recently invested in two of the first large-scale wind farms in Serbia.
Read more -
May 28, 2018
Suez and Itochu plan to start the construction in the spring of 2019
Suez and Itochu plan to start the construction in the spring of 2019. The city government will issue a building permit for the facility by the end of 2018
-
May 28, 2018
Financial close for largest wind farm in Serbia
Wind Energy Balkan Group (WEBG) has achieved financial close of the 158 MW Dolovo Cibuk I wind farm, located in the north-east of Serbia.
Read more -
April 24, 2018
Senvion has completed the installation of 14 turbines for the project
-
April 13, 2018
Serbia's energy minister has stated publicly that the project may be connected to the power grid this year
Serbia's energy minister has stated publicly that the project may be connected to the power grid this year. The first phase of the development will be completed in 2018. The facility is due to be comp...
Read more
