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 […]
Wind turbine collapsed amid high winds on island of Pag
One of seven wind turbines on the island of Pag, in Croatia, collapsed after high winds hit this Croatian island on Friday. So far, the exact cause of the turbine collapse is unknown, but it is assumed that one blade had broken first, which disturbed the balance of the construction, Croatian media reported. On Friday, […]
Israeli Enlight Renewable Energy to build 104.5 MW wind farm in Serbia
Israeli company Enlight Renewable Energy will build one of the largest wind farms in Serbia with a capacity of 104.5 MW in Kovačica, in the northern province of Vojvodina. The project is worth EUR 189 million, and the wind farm is expected to be operational by the end of 2018. The project will be financed […]
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 […]
Montenegrin government issues operating permit for Krnovo wind farm
The Montenegrin Ministry of Sustainable Development and Tourism issued an operating permit late in August 2017 for the Krnovo wind farm which started tests of its wind turbines in May this year. The Krnovo wind farm is a EUR 120 million investment which led the Montenegrin authorities to decide to raise subsidies for electricity from […]
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 […]
Montenegro’s Možura wind farm changes owners again
The Montenegrin government has approved another change of ownership for the 90 percent share of the company building the Možura Wind Park from the Enemalta plc to the Malta Montenegro Wind Power JV Ltd. This is the second time that the owner of that company has been changed, the media in Podgorica reported, adding that […]
PPC to sign agreement with China Development Bank
China Development Bank (CDB) and the Public Power Corporation (PPC) are due to sign a memorandum of understanding in Thessaloniki on Saturday, September 9. The agreement will be inked during a conference titled “Investment Opportunities in Southeastern Europe – Trends and Challenges in the Energy Sector.” Conference is being organized by PPC within the framework […]