Today: Monday, 9 December 2019 year

Loan to Kosovo for construction of 105 MW wind farm

Loan to Kosovo for construction of 105 MW wind farm

Kosovo will have its own 105 MW wind energy farm, the SeeNews reported on Saturday. The European Bank of Reconstruction and Development confirmed that the project got an approvement of a loan of 55 million euro.

EBRD is ready to finance the construction of a 105 MW wind farm in Kosovo. According to the EBRD press release, the northern municipality of Mitrovica will get the wind farm, which planned to be implemented by Sowi Kosovo LLC, a special purpose vehicle established for the purpose of the project, owned by Enlight Renewable Energy together with its Kosovo and German partners.

This week, Kosovo wind fam project has passed the final review and is awaiting board approval with a target date of December 11. The 105 MW project’s total cost is 157 million euro.

According to the EBRD, the project will contribute to climate mitigation by increasing the share of renewable energy generation in Kosovo and add 105 MW of wind generation capacity to the national energy system.

According to the engineers, the future Kosovo wind farm will be able significantly to increase the share of electricity generated by wind power in Kosovo. Now, the territory largely depends on coal-fired power generation, as well as support the green transition quality, contributing to the reduction of CO2 emissions in the small Balkan country.