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 […]
Transeastern Power Trust acquires a wind farm in Romania to power up bitcoin mining
Transeastern Power Trust, a Toronto-based investor, has completed the acquisition of a 45 MW wind farm located in the Romanian Dobrogea Region. The wind farm was operated by OMV Petrom Wind Power SRL. The Trust intends to establish a data center operation containing hardware to mine the digital currency Bitcoin predominantly using electricity produced from […]
Vestas to install new 28 MW wind park in Flampouro, Greece
French developer Total-Eren ordered 28MW from Vestas for the Flampouro wind park in northern Greece. With the last order received, Vestas’ total orders intake in Greece reached 250 MW in 2017. The order made by Total-Eren includes supply and installation of two V117-3.45 MW wind turbines and six V126-3.45 MW turbines, as well as a […]
EPS secures EUR 80 million loan for first wind park, construction to start in 2019
Public power utility Elektroprivreda Srbije (EPS) and the German development bank KfW signed a loan agreement worth EUR 80 million to finance the construction of a 66 MW Kostolac wind farm. This will be the first wind power capacity in EPS’ portfolio, which is dominated by coal-fired power plants. “The project is worth EUR 97 […]
