Renewables

Formal launch of works on Krnovo wind power plant

Published

May 8, 2015

Country

Comments

0

Share

Published:

May 8, 2015

Country:

Comments:

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

What’s new in Federation of BiH ’s draft law on renewables auctions

What’s new in Federation of BiH’s draft law on renewables?

04 July 2022 - It introduces auctions for the allocation of feed-in tariffs and feed-in premiums for renewable power plants

Romania risk lose EU energy transition funds tight deadlines

Romania at risk of losing EU energy transition funds on tight deadlines

04 July 2022 - The Ministry of Energy of Romania warned the deadline for the renewables tender within the National Recovery and Resilience Plan is too short

coal-power-generation-eu

Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.