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Krivaca WPP

Sector: Wind • Location: Serbia

Source: World Bank Group

Project
Active

This project entails the construction of the first wind farm in Serbia, which is located 120 kilometers southeast of Belgrade and covers 56 km² in the territory of the municipality of Golubac. It has a capacity of 105.6 MW and is planned to produce 310 GWh of electricity annually. The produced electricity is planned to be sold under a Power Purchase Agreement (PPA). The investment stands at $168.

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Project Information

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The project “Krivaca WPP” is an infrastructure initiative in the Wind sector, located in Serbia. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project entails the construction of the first wind farm in Serbia, which is located 120 kilometers southeast of Belgrade and covers 56 km² in the territory of the municipality of Golubac. It has a capacity of 105.6 MW and is planned to produce 310 GWh of electricity annually. The produced electricity is planned to be sold under a Power Purchase Agreement (PPA). The investment stands at $168.85, provided by Raiffeisen Banking Group, NLB Bank, Erste Bank and Development Bank of Austria with $42.21 million contribution each. Dentons and Zavisin, Semiz & Partneri join the deal as lender's legal advisers. Sponsors of the project are MK Group and the Slovenian ALFI Green Energy Fund. Financial close is achieved in February, 2023. Realfin https://www.erstebank.rs/en/about-us/press/press-releases/2023/02/03/erste-finances-the-construction-of-the-first-wind-farm-in-eastern-serbia

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