Serbia: EBRD to secure EUR 50 million loan for the construction of the Pupin wind farm
26 December 2023
The European Bank for Reconstruction and Development has announced that it is considering granting a loan of up to 50 million euros to Enlight K2-Wind from Belgrade for the construction and operation of a 94.4-megawatt wind farm.
The EBRD estimated the value of the project near Kovačica, known as “Pupin Wind Park”, at a total of 144 million euros.
As stated in the EBRD explanation, “Pupin” will contribute to climate change mitigation and Serbia’s green energy transition by increasing the share of renewable energy production in the country and adding new capacities for wind production to the national energy system.
“In addition, it will contribute to the strengthening of the presence of the private sector in the field of renewable energy in the country”, stated the EBRD, with the information that, thanks to the use of electricity from the future wind farm, CO2 savings of 197,000 tons per year are expected.
The EBRD client in this case would be the company Enlight K2-Wind from Belgrade, a legal entity (SPV) that was established for the implementation of the construction of the “Pupin” wind farm.
In June 2021, an Israeli investor received permission to expand the wind park in Kovačica, which has been operating since 2019 and is the second largest wind park in our country.
Related
-
Poland seeks delivery partner for new international airport
27 July 2025
-
South Africa approves six solar projects totaling 1,290 MW
25 July 2025
-
Saudi Arabia Invites PQ for Strategic Reservoirs and Water Transmission Systems on PPP model
25 July 2025
-
Masdar, Iberdrola achieve financial close for $6.1bln East Anglia THREE Offshore wind project
25 July 2025
-
MGC, Lantania Consortium awarded $544 million Jubail Desalination Plant Contract
24 July 2025
-
Israel approves rooftop solar on public sports facilities
24 July 2025