Montenegro to buy part of transmission network from Krnovo wind farm
The Government of Montenegro has decided to purchase a part of the power transmission infrastructure which France’s Akuo Energy has built for its Krnovo wind farm. A European Union grant of EUR 5.8 million has been secured for the transaction. The 110/35 kV Brezna substation with a connection to the existing Nikšić-Brezna transmission line, as […]
Siemens Gamesa signs new 36 MW contract in Bosnia and Herzegovina
The Siemens Gamesa company has announced that it will install turbines at the Jelovača wind farm in Tomislavgrad municipality, in western part of Bosnia and Herzegovina. F.L. Wind, one of independent power producers (IPP) in Bosnia and Herzegovina ordered 18 of Siemens Gamesa G97-2.0 MW turbines, for the supply of 36 MW. The agreement includes […]
Elektroprivreda Republike Srpske seeks consultant for Hrgud wind park
Power utility Elektroprivreda Republike Srpske (ERS) is looking for a consultant to assist in developing a 48 MW wind park Hrgud. The total costs of the first wind farm in Republika Srpska are estimated at EUR 65 million. Up to 60 million EUR would be provided by KfW as a loan to ERS. The wind […]
Fintel Energia to conduct IPO on Belgrade Stock Exchange by mid-year
In the first half of the year, Fintel Energija will conduct the initial public offering (IPO) on the Belgrade Stock Exchange in order to secure money for the construction of wind farms in Serbia. This will be the first IPO on the Belgrade Stock Exchange in the last 80 years. Fintel Energija is subsidiary of […]
DEG has acquired 10 percent stake in Čibuk 1 wind farm in Serbia
DEG – German development finance institution and a subsidiary of KfW Group has acquired a 10 percent equity interest in the 158 MW Čibuk 1 wind park in Serbia and joined two other investors in what is set to be the largest wind farm in Serbia. The wind farm, due to be completed in 2019, […]
Slovenian Energy Agency allocated incentives for electricity generation from renewables and CHP
The Slovenian Energy Agency has selected 93 projects with an installed capacity of 98 MW, which will receive incentives for the production of electricity from renewable energy sources and cogeneration of heat and power (CHP) with high efficiency. The total value of funds under this tendering procedure was EUR 10 million. Wind farms dominated the list […]
Elektroprivreda BiH planning five major projects by 2020, including wind farm and hydro power plants
The power utility Elektroprivreda Bosne i Hercegovine (EPBiH) is planning to start the construction of five new facilities to produce electricity, including the Podveležje wind farm, small hydro power plants on the Neretvica river and the hydro power plants Janjići and Una Kostela-Aneks over the next three year. The total investments in that period will […]
Kovačica wind park secured EUR 142 million from three lenders
Kovačica, a 104.5 MW wind farm under construction in Serbia, has successfully secured EUR 142 million and reached the financial close. The financing in the amount of EUR 142 million is provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the European Bank for […]