Renewables

Enlight acquires third wind farm in Balkan region

Photo: Pixabay

Published

March 16, 2018

Country

Comments

0

Share

Published:

March 16, 2018

Country:

Comments:

0

Share

Israel-based Enlight Renewable Energy acquired the rights to a 105 MW wind energy project in Kosovo*, the company said in a statement.

The project, according to Enlight, is in the advanced development stages. Construction works are expected to start next year while wind farm will be operational in 2020. The investment is estimated at EUR 140-180 million.

This is company’s third wind power project in the Balkans. Enlight is currently constructing a 49 MW Lukovac wind farm in Croatia and 104.5 MW Kovačica wind farm in Serbia.

“Company reports the completion of the negotiations and the signing of the agreement for the acquisition of rights in a wind energy project in Kosovo*. The sellers will be paid immediately EUR 1 million for 50% of the shares,” the company said in a report to Tel Aviv Stock Exchange.

According to the report, the 27-wind-turbine project has already acquired land and most of the permits.

The project is in the process of admission to feed-in support scheme approved by Kosovo*. Wind power plants are entitled to EUR 85 per MW/h in 12 years.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

EU electricity market design reform temperate positive step

EU’s electricity market design reform deemed as temperate, positive step

17 March 2023 - In its usual manner, the European Commission has come up with middle-of-the-road solutions for its electricity market design reform

smr-small-nuclear-reactor-energy-nea

NEA launches SMR Dashboard to track small nuclear reactor development

17 March 2023 - Small modular nuclear reactors can reshape the energy market and help the world reach net zero emissions by 2050, NEA says

Romania-Hidroelectrica-partners-Masdar-renewables

Romania’s Hidroelectrica partners with Masdar to develop renewables

17 March 2023 - Hidroelectrica established a joint venture partnership with Masdar from the United Arab Emirates for the development of renewable energy projects

Number prosumers Albania one thousand

Number of prosumers in Albania surpasses one thousand

16 March 2023 - The number of prosumers with solar power panels on the electricity distribution network in Albania has reached 1,025