GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]
DEG has acquired 10 percent stake in Čibuk 1 wind farm in Serbia
DEG – German development finance institution and a subsidiary of KfW Group has acquired a 10 percent equity interest in the 158 MW Čibuk 1 wind park in Serbia and joined two other investors in what is set to be the largest wind farm in Serbia. The wind farm, due to be completed in 2019, […]
Update: EBRD, IFC finance wind farm Čibuk 1 of 158.4 MW
Vetroelektrane Balkana d.o.o. secured a credit line worth EUR 215 million for its Čibuk 1 wind power plant, most of which is planned to be built in the Kovin municipality, less than fifty kilometres northeast of the centre of Belgrade. The facility of General Electric Co.’s 57 turbines in the area of villages of Mramorak and Dolovo […]
Serbia reaches 500 MW quota for wind power
The Ministry of Mining and Energy revealed in mid-April it filled the capacity of 500 MW envisaged for electricity from wind turbines. Projects awarded with the temporary status of privileged producers are eligible for subsidies by law, but the government yet needs to adopt the frame for power purchase agreements. Serbia is waiting for a […]