Kovačica wind park secured EUR 142 million from three lenders
Kovačica, a 104.5 MW wind farm under construction in Serbia, has successfully secured EUR 142 million and reached the financial close. The financing in the amount of EUR 142 million is provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the European Bank for […]
EBRD considers providing EUR 50 million loan for wind farm Kovačica, Serbia
The project for the construction of 104.5 MW wind farm Kovačica in Vojvodina, Serbian northern province, reached important milestone: European Bank for Reconstruction and Development (EBRD) officially launched the procedure to consider approval of the EUR 50 million loan to Electrawinds K-Wind d.o.o., a company developing the project. Loan approval decision will be made on the […]
Elicio marks Global Wind Day with prize competition
On the occasion of Global Wind Day which is marked on June 15, a fine arts competition was organized for schoolchildren in Apatin in northwestern Serbia by company Elicio, owner of enterprises PD Electrawinds and Electrawinds Mali in Serbia. ’Wind Park in My Municipality’ was the theme. More than 80 pupils sent works, and the […]
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 […]
Elicio’s two wind parks in Alibunar remain in the pipeline
Representatives of Electrawinds confirmed they are committed to building two wind parks, Alibunar municipality website said. Ludo Vandervelden and Nicolas Bruyonooghe, CEO and development manager of Elicio NV, the company that took over Electrawinds’ projects in Serbia, visited the municipality seat and said it is a good place for investing, as is the whole of […]