IFC to help Kosovo* design, tender its first solar PPP project
International Finance Corporation (IFC), a member of the World Bank Group, will assist the government, as transaction adviser, in defining the parameters and requirements to design and tender the first solar public-private partnership (PPP) project in Kosovo*, IFC told Balkan Green Energy News. Private partners will participate in the open-bidding, competitive tender where the offered […]
158 MW Čibuk 1, Serbia’s largest wind farm, officially starts operations
Serbia’s largest wind farm, the 57-turbine Čibuk 1, has officially started operations today following a EUR 300 million investment. The wind farm with a maximum capacity of 158 MW generates power to supply 113,000 households and will displace 370,000 tonnes of CO2 emissions per year. Čibuk 1 is one of the wind farms whose output […]
Belgrade hosting regional Smart City SEE19 conference
Regional conference Smart City SEE19 will be held in Belgrade on Thursday, May 23, gathering local, regional, and international experts, decision makers, and innovators to discuss the development of smart cities and their role in delivering a more sustainable future. The conference will showcase the best examples of smart cities, with the aim of inspiring […]
Čibuk 1, Serbia’s largest wind farm, fully constructed
Construction has been completed on the 158 MW Čibuk 1, Serbia’s largest wind farm, according to a news release from one of the financial institutions that approved a loan for the project. The wind farm has started trial production. Čibuk 1, with 57 wind turbines, “is fully constructed,” reads a news release from the European […]
Akfen secures USD 363 million in lending for USD 530 million renewables project
Akfen Renewable Energy, the renewables arm of Turkey’s Akfen Holding, has secured a total of USD 363 million in lending from six banks for its USD 530 million project to build four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW. Akfen Renewable Energy is providing USD 167 […]
Čibuk 1, Serbia’s largest wind farm, set to start production “earlier than initially planned”
Čibuk 1 has reached a number of key milestones and is on schedule to start production in early 2019, according to a press release from the United Arab Emirates’ (UAE) Masdar, the majority stakeholder in Tesla Wind, which owns Vetroelektrane Balkana, the project company behind Čibuk 1, set to become Serbia’s largest wind farm. GE […]
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 […]
OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]