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 […]
EBRD providing energy efficiency loans to UniCredit in Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD) is giving two loans in support of housing energy efficiency projects to the Unicredit Bank in Bosnia and Herzegovina. The total amount of the loans is EUR 12 million. The money will be lent for projects in line with the EBRD Green Economy Transition (GET), the EBRD […]
GGF provides EUR 20 million senior loan to UniCredit Bank for renewable energy financing in Serbia
The senior loan for financing renewable energy projects represents the beginning of the cooperation between GGF and UniCredit Bank Serbia. The renewable energy projects to be financed by the GGF loan are expected to reduce carbon dioxide (CO2) emissions by 47,000 tons. The Green for Growth Fund (GGF) and UniCredit Bank Serbia have signed a loan agreement […]
EBRD providing green funds to UniCredit for on-lending
UniCredit Bank a.d. Banja Luka may be granted a EUR 5 million senior loan under the Western Balkans Residential Green Economy Financing Facility (GEFF) for on-lending to residential sector for green economy investments in Bosnia and Herzegovina, the European Bank for Reconstruction and Development said in the project summary. The target board date is May […]
Fintel secures financing, permit for wind parks
Energobalkan DOO signed a contract with Unicredit Bank Serbia for financing La Piccolina wind farm of 6,6 MW, located in Vršac, operator’s parent company Fintel Energia Group SpA said in a press release. The Italian independent power producer added that the total amount of the loan is equal to EUR 7 million, while the required […]
Saint Nikola wind farm output tops 1.54 million MWh since launch
The Saint Nikola wind farm near Kavarna, in northeastern Bulgaria, has produced more than 1.54 million MWh of electricity in its five years of operations, US-based AES, which operates the plant, said, SeeNews reported. Through its operation, the wind park has saved more than 1.2 million tonnes of carbon emissions, AES said in a press […]