NLB Komercijalna banka to finance expansion of Košava wind farm
The expansion of the Košava wind farm will be financed by NLB Komercijalna banka and NLB Group
Serbia awards CfDs for 400 MW in wind power capacity, 11.6 MW for solar in first auctions
Four projects filled the 400 MW quota in Serbia's first wind power auction while the competitive bidding for CfDs for solar power landed heavily undersubscribed
Serbia publishes qualification results for its first wind, solar power auctions
Eligible bids from the wind power auction surpassed the 400 MW quota by almost 30%. In the solar power segment, only 11.6 MW met the requirements to bid for 50 MW
Works begin on Kula 2 wind power plant in Serbia
MK Group and Fintel energija broke ground on their Kula 2 wind power project of 10 MW in northwestern Serbia
69 MW Košava 1 wind farm put into operation in Serbia
MK-Fintel Wind, a joint venture of Italy’s Fintel Energia Spa and Serbia’s MK Group, owned by businessman Miodrag Kostić, has put into operation the 69 MW Košava 1 wind farm near Vršac, Serbia today. The construction of the Košava 1 wind farm with 20 turbines delivered by Denmark-based Vestas, soaked an investment of EUR 118 […]
Fintel Energija to start trading on BELEX on Nov. 20 as it completes Serbia’s 1st IPO in 80 years
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, will start trading on the Belgrade Stock Exchange (BELEX) on November 20, having successfully completed Serbia’s first initial public offering (IPO) in nearly 80 years, raising a total of some RSD 755.2 million, or around EUR 6.3 million, for a new wind farm […]
Vestas to deliver turbines for 69 MW Košava 1 wind farm
Denmark’s Vestas has received an order for 20 V126-3.45 MW turbines for the 69 MW Košava phase 1 wind farm in Serbia from MK-Fintel Wind. The Košava 1 wind farm’s construction started in June last year. To accommodate the site’s specific wind conditions and maximize energy production while meeting the site’s tip height constraints, Vestas developed […]
Fintel Energija decides to raise up to EUR 27.5 million through IPO
Fintel Energija’s shareholders have reached a decision on a RDS 3.5 billion (EUR 27.5 million) capital increase through the initial public offer (IPO) the renewable energy company plans on the Belgrade Stock Exchange. The IPO is to be carried out through a listing on the prime segment of the Serbian stock exchange’s regulated market. “The […]