Financing secured for eastern Serbia's first wind farm

Wind farm Krivaca involves an investment of 155 million euros by MK Group and Alfi Green Energy Fun / Erste Group leads lenders consortium providing financing

MK Group and the Slovenian investment fund Alfi Green Energy Fund are investing 155 million euros in the Krivaca wind farm. Construction of this joint venture project began at the end of last year; the wind farm is expected to be fully operational at the end of 2023. Erste Group, as the main creditor and agent, initiated and structured the transaction and invited other banks to join the lenders consortium in the financing of the renewable energy project. Krivaca is the first wind farm to be built in Eastern Serbia, covering 56 km2 of the Municipality of Golubac. With a capacity of 105.6 MW and 22 wind turbines,... ... More: Official Press Release Erste Group Bank AG

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Erste Group, MK Group, Serbia, wind farm, onshore, Akfi Green Energy, consortium, financing, investment, Nordex, wind turbine