EBRD-financed Čibuk and Kovačica windfarms to start operations this year
In the small town of Kovačica in the northern Serbian province of Vojvodina, a 104 MW wind farm will soon be finished. It will be Serbia’s second large-scale wind energy project, one for which the EBRD provided €48.8 million financings to the project sponsor and developer Enlight Renewable Energy.
Less than two years after the beginning of construction, 38 turbines are now rising on the site in Kovačica. The windfarm’s current capacity is for 20 turbines.
Another EBRD-financed windfarm in Serbia – the largest one ever constructed in the country and the wider Western Balkans region – is called Čibuk1. It boasts 57 wind turbines with a total capacity of 158MW, built in Kovin, also in Vojvodina, and only 65 km away.
The EBRD and International Finance Corporation supported Čibuk with a €215 million syndicated loan. Cibuk windfarm is fully constructed. Both wind farms have started producing electricity and are now in the final phase before they can be officially connected to the grid.