Serbia: EIB considers 55MEUR loan for Windvision windfarm development

, News Serbia Energy

European Investment Bank is considering the loan for the development of Windvision owned windfarm Alibunar with an installed capacity of 99MW.

55MEUR is the potential stake of EIB in the development of first phase of Alibunar wind park. Total costs are estimated at 160MEUR. Project is owned by Windvision Holding BV, a company headquartered in Belgium.

According the EIB release the project and potential financing will support investments in renewable energy, thus contributing to a sustainable and secure supply of energy and therefore to the long-term economic growth and development in the region. The operation supports the Bank’s mandate objectives for candidate countries, by promoting renewable energy, tackling climate change and improving security of energy supply.

The wind farm (excluding the wind farm connection to the grid) has undergone an EIA according to local legislation which also included public consultation, and has received the relevant environmental permits. Compliance with the principles of the EIA Directive and the EU Habitats and Birds Directives will be verified during the appraisal. The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules concluded the EIB in its project explanatory sheet. , transmits