Renewables

Fintel Energia signs term sheet for Košava wind farm

wind farm illustration

Photo: Pixabay

Published

July 16, 2015

Country

Comments

0

Share

Published:

July 16, 2015

Country:

Comments:

0

Share

MK-Fintel Wind AD, subsidiary of Fintel Energia Group SpA, signed a term sheet with a consortium formed by international partners to finance, build and operate a wind farm of up to 128.7 MW of installed power in the municipality of Vršac northeast of capital Belgrade.

The consortium will acquire, subject to certain requirements, the majority of the shares of the project while MK-Fintel will remain responsible for the local operations and day by day management, Fintel Energia said in a press release.

Košava wind farm, scheduled for completion in late 2017, will consist of 39 turbines and will generate 390 GWh annually, equal to the consumption of around 130.000 Serbian families, the company said. The transaction with an estimated capital expenditure in excess of EUR 180 million, is subject to the completion of satisfactory due diligence, definitive agreements and corporate, government, and regulatory approvals, the press release said.

A non-binding term-sheet for the financing of Košava 2 wind farm of 9.9 MW was signed on May 26 by Fintel Energia and Erste Bank.

Related Articles

Renera-kicks-off-50-MW-floating-solar-power-project-Romania

Renera kicks off 50 MW floating solar power project in Romania

24 April 2024 - Renera Energy is developing a 50 MW floating photovoltaic project in Romania. It would now probably be the biggest in Europe.

Renewables-Greece-get-shortcut-grid-connection-PPAs

Renewables in Greece get shortcut to grid connection with PPAs

23 April 2024 - Renewables projects in Greece with PPAs with energy-intensive industrial consumers get priority in the transmission grid connection queue

Brite Solar agrisolar panel plant Greece 2024

Brite Solar to complete agrisolar panel plant in Greece by end-2024

23 April 2024 - Greek startup Brite Solar is building a production line in Patras for transparent solar panels for agrivoltaic production

green wolt scotland floating wind farm

Green Volt, world’s largest floating wind project, obtains planning approval

23 April 2024 - The project has now received all its planning approvals and remains on track to be the first commercial-scale offshore wind farm in Europe