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Kosovo Solar - Tucep - Veriq

Sector: Waste Processing and Treatment • Location: Kosovo

Source: European Bank for Reconstruction and Development (EBRD)

Project
Passed Final Review, Pending Approval

A senior secured loan of up to €42.5 million in favour of AKG Tucep ("Tucep") and AKG Veriq ("Veriq") (together, the "Borrowers"), special purpose vehicles incorporated in Kosovo. The loan will be dedicated to the construction and operation of two adjacent solar PV plants in Istog municipality of Kosovo, with a combined installed capacity of up to 142 MWp (the "Project"). Once constructed, the Pro

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The project “Kosovo Solar - Tucep - Veriq” is an infrastructure initiative in the Waste Processing and Treatment sector, located in Kosovo. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Status

Original status

passed final review, pending approval

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Description

Description

A senior secured loan of up to €42.5 million in favour of AKG Tucep ("Tucep") and AKG Veriq ("Veriq") (together, the "Borrowers"), special purpose vehicles incorporated in Kosovo. The loan will be dedicated to the construction and operation of two adjacent solar PV plants in Istog municipality of Kosovo, with a combined installed capacity of up to 142 MWp (the "Project"). Once constructed, the Project is expected to be the largest solar PV portfolio in the country. The Project is owned by Quant Renewables (52%) and Green Growth Fund S.A. (48%). The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood by supporting sustainable investments in energy transition.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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