Belgium’s Elicio brings 42 MW Alibunar wind farm on stream
Belgium’s Elicio has completed the construction of the 42 MW Alibunar wind farm with 21 turbines, which will supply electricity to 38,000 households. The launch ceremony was attended by Serbian Minister of Mining and Energy Aleksandar Antić. The Alibunar wind farm, whose construction has soaked an investment of EUR 80 million, will result in the […]
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 […]
China’s Norinco gets green light for 156 MW wind farm near Senj
China’s construction company Norinco International Cooperation has obtained a building permit for the construction of a 156 MW wind farm near the City of Senj in Croatia, local media reported. Senj Mayor Sanjin Rukavina announced that Norinco obtained the building permit at a recent session of the city council. He said that another session of […]
PPC Renewables invites bids to build, operate 10 MW wind farm
Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), has invited bids for the design, procurement, transportation, installation, and commissioning of a 10 MW wind farm on the Ionian island of Kefalonia. The would-be wind farm contractors are to submit their offers by September 10. The estimated project […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
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 […]
China Energy gains renewable foothold in Greece, eyes Balkan expansion
China Energy Investment Corporation, one of the world’s largest power companies, has signed a cooperation agreement with Greece’s Copelouzos Group for renewable energy and conventional electricity. Under the agreement, China Energy will enter into the equity of a significant pipeline of wind farms built by Copelouzos Group, one of the biggest investment groups in Greece […]
KOSTT signs agreement on connecting HPP Lepenci, Koznica wind farm to the grid
Kosovo’s* transmission system operator (TSO) KOSTT has signed agreements on connecting the 10 MW Lepenci hydropower plant (HPP) and the 34.5 MW Koznica wind farm with representatives of the two facilities’ operators. The agreements were signed in compliance with the objectives of the National Strategy on Energy 2017-2026 regarding the security of power supply and […]