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 […]
Two companies interested to invest in wind farms in Albanian peninsula Karaburun
The Albanian Ministry of Infrastructure and Energy has received proposals from two companies – Eurus and WF Energy, each expressing the interest to invest in wind farms in Karaburun Peninsula, southwestern part of the country. These are the first applications for the construction of the wind farm submitted to the Albanian Ministry of energy and […]
Elektroprivreda Srbije looks for Kostolac wind farm advisor
Public power utility Elektroprivreda Srbije (EPS) seeks a consultant for the construction of the 66 MW Kostolac wind farm. The state-owned company published a public call for the expressions of interest from consulting firms to assist in the preparation of the Kostolac wind farm project. This will be the first renewable energy capacity in EPS’ […]
Fintel Energija IPO on Belgrade Stock Exchange in May
Fintel Energija will conduct the initial public offering (IPO) on the Belgrade Stock Exchange in May, company CEO Tiziano Giovannetti said. The first IPO after almost 80 years on the Belgrade Stock Exchange is being prepared for nine months. The Fintel Energija plans to sell 15-20% of its shares. “The necessary IPO procedure will be […]
EPCG to invest EUR 67 million in hydropower, analysis for wind farm underway
Power utility Elektroprivreda Crne Gore (EPCG) plans to invest EUR 170 million in the next five years, out of which EUR 40 million in the revitalization of two hydropower plants (HPPs), Piva and Perućica, and EUR 27 million in diverting a part of the Zeta river into the Perućica hydropower system. Around EUR 60 million […]
Enlight acquires third wind farm in Balkan region
Israel-based Enlight Renewable Energy acquired the rights to a 105 MW wind energy project in Kosovo*, the company said in a statement. The project, according to Enlight, is in the advanced development stages. Construction works are expected to start next year while wind farm will be operational in 2020. The investment is estimated at EUR […]
Podveležje wind farm project presented in Mostar by EP BiH
The Elektroprivreda BiH (EP BiH) power company organized a presentation of its project to build the Podveležje windfarm in Mostar. The new power production facility will be built using a loan from the German development bank KfW and EP BiH funds. Representatives of the German company Fichtner helped EP BIH to present the project. The total […]
MK Fintel Wind secured loan for Košava wind farm
MK Fintel Wind has announced that it has secured EUR 81.5 million for the completion of Košava Phase 1 wind park near Vršac in Serbia. MK Fintel Wind is owned by Italy’s Fintel Energia Group and Serbia’s MK holding, whose owner is businessman Miodrag Kostić, has already built two wind farms in Serbia. The construction […]