CMS Belgrade provides full legal support in refinancing of Alibunar wind farm
CMS Belgrade provided full support to UniCredit Bank Serbia in the refinancing of Elicio’s Alibunar wind farm
Serbia to double share of renewable energy, reach 40% by 2040 – minister
Serbia’s share of renewable energy sources in final energy consumption is now 20%, compared to the 27% target for 2020.
Belgium’s Elicio brings 42 MW Alibunar wind farm on stream
Belgium’s Elicio has completed the construction of the 42 MW Alibunar wind farm with 21 turbines, which will supply electricity to 38,000 households. The launch ceremony was attended by Serbian Minister of Mining and Energy Aleksandar Antić. The Alibunar wind farm, whose construction has soaked an investment of EUR 80 million, will result in the […]
GGF Impact Stories: Greening Serbia’s energy mix
The Green for Growth Fund (GGF), which was initiated as a public-private partnership in December 2009 by German development bank KfW and the European Investment Bank (EIB), surpassed major milestones in 2017, increasing the total financing it has provided to final borrowers to over EUR 600 million across more than 25,000 individual projects. The GGF […]
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 […]
Installation of Alibunar wind farm turbines by September
Elicio, the Belgian renewable energy producer has announced its plan to complete the installation of 21 turbines at the 42 MW Alibunar wind farm, less 60 kilometers northeast of Serbia’s capital Belgrade, by September this year. The construction of the wind turbines foundations is expected to be finished in less than a couple of weeks. Then, Elicio […]
Belgium company Elicio completes Malibunar wind farm
Belgian utility’s project is prelude for nearby power generation facility of 21 Senvion units. Wind turbines of 8 MW in total capacity, or 2 MW each, were presented in the area of the town of Alibunar, less 60 kilometres northeast of Serbia’s capital Belgrade. Elicio NV’s Malibunar project is located near a site where the […]
EUR 9.8 million for construction of wind park Malibunar in Serbia
UniCredit Bank Serbia and Electrawinds Mali WF, a Serbian subsidiary owned by Belgian Elicio NV, has signed a long-term financing agreement in the total amount of EUR 9.8 million for the development, construction and operation of the Malibunar wind park. On August 31, the first debt disbursement took place, in the amount of EUR 3.2 […]