Enlight Renewable Energy, the developer of Kovacica wind farm project, announced that it has signed an agreement with General Electric (GE) Renewable Energy on the delivery of 38 wind turbines for the 105 MW wind farm.
According to the statement from the company, GE Renewable Energy will deliver 38 model 2.75-120 wind turbines, which are 110 meters high, ideal for mid-range winds in this part of Serbia. The two companies have also signed a 15-year full service agreement for Kovacica wind farm.
In September, Israeli company Enlight Renewable Energy took over one of the largest wind farms in Serbia – 104.5 MW Kovacica wind farm. The project is worth 189 million euros and it is expected to be put into operation by the end of 2018. The project will be financed through loans totaling 142 million euros, provided by Erste Bank Serbia, Erste Group AG in cooperation with German Export Credit Agency Euler-Hermes and the European Bank for Reconstruction and Development (EBRD), while the remaining funds will be provided by Enlight Renewable Energy.
The project for the construction of Kovacica wind farm was previously developed by Electrawinds Kwind, a special purpose vehicle established for the purpose of the construction of this wind farm, owned by local company Solaveris Limited and Israeli Enlight Renewable Energy.