MK Fintel Wind, a joint venture of Italy’s Fintel Energia Spa and Serbia’s MK Group, has put into operation the 69 MW Košava 1 wind farm in Izbiste, municipality of Vršac, Vojvodina, Serbia.
The construction of the Košava 1 wind farm with 20 turbines delivered by Denmark-based Vestas, with a total investment of EUR118 million (US$129.59 million). The wind farm can generate enough electricity to power 45,000 households.
At the end of February 2018, MK-Fintel Wind announced that it had secured EUR81.5 million (US$89.51 million) in lending that was provided by a pool of banks including Erste Group, Austrian Development Bank (OoEb), UniCredit Serbia and AIK Banka.
Country updates
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October 10, 2019
IFC, EBRD finances EUR300m to 103 MW Vinca waste-to-energy plant in Belgrade
France's Suez, Japan's Itochu and pan-European equity fund Marguerite Fund have secured a EUR300 million (US$329.35 million) non-recourse loan agreement with the International Fina...
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October 04, 2019
Belgrade waste PPP reaches financial close
The municipal waste treatment and disposal services project in Belgrade awarded to a consortium led by Suez and Itochu has reached financial close. IFC and MIGA, members of the World Bank...
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September 26, 2019
Enlight inaugurates the 104.5 MW wind project in Serbia
Enlight Renewable Energy has officially opened the 104.5 MW Kovacica wind farm, the largest operational wind farm of its kind in Serbia. The construction of the wind farm started in 2017. I...
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September 02, 2019
Aqua Mont launches buyout bid for Hidrotehnika-Hidroenergetika
Serbian company Aqua Mont Service plans to launch a buyout bid for the 29.93% stake it does not own yet in energy and hydropower facilities builder Hidrotehnika-Hidroenergetika. Aqua Mont Service, ow...
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July 29, 2019
Akuo Energy, IEL Energie sign MoU with Vojvodina government for 85 MW Basaid wind farm
French companies Akuo Energy and IEL Energie have signed a memorandum of understanding (MoU) with the Vojvodina government in Serbia for the development of an 85 MW Basaid wind pro...
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