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

EUSEW public voting for European clean energy leaders awards

EUSEW launches public voting for European clean energy leaders, project awards

27 September 2021 - Twelve individuals and projects, of which three are from Southeastern Europe, are shortlisted for the EU Sustainable Energy Awards within the EU Sustainable Energy Week – EUSEW

Tire companies in Slovenia, Turkey to decarbonize production with renewables

Tire companies in Slovenia, Turkey to decarbonize production with renewables

27 September 2021 - Goodyear Slovenia, and Goodyear Turkey will be among first factories of the famous tire producer, to use only renewable energy.

Offshore Wind Black Sea bulgaria potential csd

Bulgaria’s 116 GW offshore wind potential in Black Sea is decarbonization opportunity

27 September 2021 - The Bulgarian territorial waters of the Black Sea offer 116 GW of technical wind potential, 26 GW of which can be easily utilized.

Tusnica wind farm, Zvizdan solar power plant online in BiH by the end of 2023

Tušnica wind farm, Zvizdan solar power plant in BiH to be online by end-2023

24 September 2021 - The construction of the 72.6 MW Tušnica wind farm and the 23 MW Zvizdan photovoltaic facility is underway.