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 […]
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 […]
IFC, Unicredit, FMO and GGF provide loans for Elicio’s Alibunar wind farm
International Financial Corporation (IFC), a member of the World Bank Group, will support the construction of Elicio’s Alibunar wind farm in Serbia with EUR 19,1 million loan. The IFC announced that the Unicredit Bank, Netherlands Development Finance Company (FMO) and Green for Growth Fund (GGF) have agreed to provide loans worth EUR 40 million for […]
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 […]
Delivery of turbines for Malibunar wind farm in Serbia started
Delivery of wind turbine parts for the Malibunar wind farm has begun, the Belgian company Elicio NV, which builds two wind farms in northern Serbia, announced. The delivery of turbine parts from the Port of Pančevo on the Danube river to the location of the wind park in northern Serbia started on August 8. It […]
Senvion closes financial deal to supply turbines to Elicio’s wind farm in Serbia
Senvion, German manufacturer of wind turbines, has closed financial contract to supply turbines to Elicio NV’s 42 MW Alibunar wind farm in Serbia. This would be the first Senvion’s project in Serbia, the company said. Senvion has closed the financial contract for the Alibunar wind farm with Elicio, for the delivery, installation and commissioning of […]
Malibunar windpark to be completed in 2017, Alibunar construction starts soon
Aleksandar Antić, Minister of mining and energy has met today Nicolas Brynooghe, director of Belgium company Elicio and talked with him about the development and construction of wind parks Malibunar and Alibunar. Minister Antić emphasized that the Ministry of mining and energy is committed to improving regulatory framework in order to contribute to the projects’ completion. […]