Belarus has secured around US$40 million foreign investment for the development of its largest wind farm, a 25 MW project near the village of Veleshkovichi (Liozno District of Vitebsk Region).
The project will be financed by Guris Construction and Engineering Co. Inc. It will provide energy to about 20 thousand households in the region.
The Belarusian Natural Resources and Environmental Protection Ministry has approved an agreement dated August 30 for the sale of the pre-investment asset.
The construction of the wind farm is planned to begin in 2020, after the investor will develop detailed design documentation. It is expected that the operation of the wind farm over the next 20 years will reduce more than 500 thousand tons of CO2 emissions.
Country updates
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March 04, 2019
EBRD provides fund to finance construction of two biogas projects in Belarus
The EBRD has provided US$11.3 million loan for the construction of two biogas plants in Belarus. The funds will be lent to two special purpose companies established by the Lithuanian Modus Group. The...
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February 01, 2019
EBRD ponders funding 5 MW biogas projects in Belarus
The developer of a 5 MW biogas power plant project in Belarus, UAB Modus Group, is seeking a US$18.4 million financing from the European Bank for Reconstruction and Development (EBRD). The proje...
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January 29, 2018
EBRD provides US$15 million for 4 biogas CHP plants in Belarus
The European Bank of Reconstruction and Development (EBRD) has announced that it is financing the construction of four biogas combined heat and power plants in Belarus. The bank is loaning u...
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May 25, 2017
Belarusian utility RUP Vitebskenergo has commissioned the hydroelecric plant that has 24-MW capacity
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August 30, 2016
Velcom has announced the completion of the project
