Renewables

Formal launch of works on Krnovo wind power plant

Published

May 8, 2015

Country

Comments

comments icon

0

Share

Published:

May 8, 2015

Country:

Comments:

comments icon

0

Share

Montenegro’s Krnovo Green Energy has marked the official start of construction works on the 72 MW Krnovo wind power plant with an estimated investment value of EUR 120 million, SeeNews portal cited local media reports.

The consortium of France’s Akuo and Austria’s Ivicom has been awarded a permit to build the wind park. Krnovo Green Energy is a special purpose vehicle established for the sole purpose of construction and operation of the project, which is expected to be Montenegro’s first utility-scale wind farm.

According to the land lease contract, the works should last for 18 months. In December, the European Bank for Reconstruction and Development said it was considering providing a senior loan of up to 47.5 million euro to Krnovo Green Energy.

Krnovo is located 28 kilometers northeast of the town of Nikšić.

Tags:

Related Articles

Serbia adopts new regulations for second round of RES auctions

Serbia adopts new regulations for second round of RES auctions

14 November 2024 - The Government of Serbia completed the regulatory framework for the second round of auctions for wind and solar power projects

Masdar Albania KESH deal renewables joint venture

Masdar, Albania’s KESH ink deal on renewables joint venture

14 November 2024 - Masdar and state-owned power utility KESH are exploring the development of gigawatt-scale green energy projects in Albania

serbia law on energy changes

Government of Serbia adopts changes to Law on Energy

13 November 2024 - The Government of Serbia adopted the changes to the Law on Energy and sent them to the National Assembly for a vote

hse slovenia prapretno solar trbovlje hrastnik stokelj

Slovenia’s HSE to expand Prapretno solar power plant, install 7 MW battery

13 November 2024 - The utility intends to sell 10% of production from the second phase of its Prapretno plant to the municipalities of Trbovlje and Hrastnik