MK Group and Alfi Green Energy Fund have secured funding for their 105.6 MW Krivaca wind farm project in eastern Serbia with a consortium led by Erste Group, the main creditor and agent.
The consortium consists of Raiffeisen Bank, NLB Group, and OeEB - the Development Bank of Austria. The actual financial arrangements were not disclosed.
According to a separate release, Axpo Holding has inked a ten-year PPA with the Krivaca wind farm.
The EUR155 million (1US$69 million) project will consist of 22 Nordex turbines. Construction is currently underway and the wind farm is anticipated to be completely operational by the end of 2023.
Country updates
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February 02, 2023
Elicio to develop 60 MW wind projects in Pancevo
Elicio NV has planned to construct 60 MW of wind projects in the northern Serbian city of Pancevo. The company has initiated the public consultation process. The developer will build the 50 MW Elicio...
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November 21, 2022
Windflow East to develop 180 MW wind project in Petrovac na Mlav
Windflow East, a joint venture between Sunflow Holdings LLC and Vulcanus Enerji Yatirim AS, has planned to develop the 180 MW Gornjak wind project in eastern Serbia near the town of Petrovac na Mlavi....
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September 27, 2022
Taaleri Energia secures EUR205mn refinancing of 158 MW Čibuk I wind project
Taaleri Energia has completed the EUR205 million (US$197.00 million) refinancing scheme for the 158 MW Čibuk I wind project located in Serbia. The refinancing package was executed in partn...
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June 14, 2022
Nordex to supply turbines for 105 MW wind project in Krivaca
The Nordex Group has received an order from Austrian wind farm developer Ivicom to supply turbines for the 105 MW wind project located in the area of the municipalities of Golubac, Kucevo, and Ve...
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May 25, 2022
Siemens to supply wind turbines for 66 MW wind project in Kostolac
Siemens Gamesa has signed an agreement with Serbia’s state utility company EPS to supply turbines to the 66 MW Kostalac onshore wind project located in Kostolac. The company will ...
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