EBRD to provide 50 million euros loan to Electrawinds K-Wind – Serbia, 5 April 2017

The European Bank for Reconstruction and Development (EBRD) said that it will provide a loan worth 50 million euros to Serbian company Electrawinds K-Wind for the construction of 104.5 MW Kovacica wind farm.
According to the statement from the EBRD, Electrawinds K-Wind is planning to invest 180 million euros in the construction of Kovacica wind farm, which consists of 38 wind turbines with power output of 2.75 MW each and a 220/33-35 kV substation. The construction of the facility, which will be among the first large-scale wind projects to reach operational stage in Serbia, will be financed through equity and up to 140 million euros debt.

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