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 […]
Macedonia’s banks to finance energy efficiency improvement in housing sector
Ohridska banka AD Skopje and Sparkasse Bank Makedonija will support investments in green technology and energy efficiency improvement in the housing sector. Both banks have received loans from the EBRD Western Balkans Green Economy Financing Facility (GEFF) for that purpose. Ohridska Banka will use EUR 2 million loan for on-lending to support investments in green […]
Israeli Enlight Renewable Energy to build 104.5 MW wind farm in Serbia
Israeli company Enlight Renewable Energy will build one of the largest wind farms in Serbia with a capacity of 104.5 MW in Kovačica, in the northern province of Vojvodina. The project is worth EUR 189 million, and the wind farm is expected to be operational by the end of 2018. The project will be financed […]
Auctions for renewables: towards markets proximity
The future of support mechanisms for renewables with targeted insight towards the SEE markets and bankability point of view By Ladislav Tolmaci, Erste Group Bank AG, Leveraged and Project Finance In the recent depressed wholesale power price environment predominant on the European commodity exchanges, any investment into electricity generating technology becomes related to a question […]
Biogas cogeneration plant opened in Botos
Company Bioelektra opened yesterday a biogas combined heat and power plant (CHP) in Botoš village near Zrenjanin in northeastern Serbia. The facility has a capacity of 0.6 MW, while it will reach 1.8 MW upon the completion of all three project phases. The first phase of the investment, worth EUR 2.5 million, was financed with a EUR 1.2 […]