Serbian diversified holding MK Group and Slovenian investor Alfi Inexperienced Power Fund have secured financing for his or her 105.6-MW Krivaca wind farm venture in jap Serbia, Austrian financial institution Erste Group mentioned on Friday.
The 2 sponsors are investing EUR 155 million (USD 169.5m) within the venture and are presently constructing the wind farm within the municipality of Golubac, east of Serbia’s capital Belgrade.
Erste Group, as the principle creditor and agent within the financing, led a lender consortium comprising Austria’s Raiffeisen Financial institution, Slovenia’s NLB Group and OeEB – the Growth Financial institution of Austria. The precise phrases of the financing weren’t disclosed.
The Krivaca wind farm shall be made up of twenty-two generators equipped by Germany’s Nordex SE (ETR:NDX1). It’s anticipated to be totally up and working on the finish of 2023.
Krivaca would be the first wind farm in jap Serbia, and it’s also the primary renewable vitality venture within the nation to be contracted below an influence buy settlement (PPA).
In a separate assertion on Friday, Swiss vitality dealer Axpo Holding mentioned it had signed a ten-year PPA with the entity co-owned by MK Group and Alfi Inexperienced Power Fund.
“While this is the first renewable PPA in Serbia, we are seeing an increasing number of companies seeking to purchase long-term electricity from renewable energy sources as part of their sustainability strategies. Thanks to our decade-long expertise in this field, we are able to provide innovative and bespoke energy products and services to companies across the south-eastern European market and beyond,” mentioned Domenico Franceschino, Axpo’s Head of Origination Western & Japanese Europe.
(EUR 1.0 = USD 1.094)