EBRD to finance its second wind farm in Montenegro

The European Bank of Reconstruction and Development (EBRD) will give out a €82 million loan to finance a 55 MW onshore wind farm in Gvozd in Niksic municipality.

Official Press Release EBRD:

EBRD finances 55 MW wind farm in Montenegro with €82 million loan

Wind Industry Profile of
EBRD finances 55 MW wind farm in Montenegro with €82 million loan

€82 million loan to electricity utility and SPV is the EBRD’s largest in Montenegro to date / Loan to finance a 55 MW onshore wind farm, the second financed by the EBRD in Montenegro / EBRD helping Montenegro to develop its first renewable energy law and regulatory reforms

The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of renewable energy generation in Montenegro with an €82 million loan to Elektroprivreda Crne Gore a.d. Niksic (EPCG), the national electricity utility, and Green Gvozd LLC, a special-purpose vehicle (SPV) to be fully acquired by EPCG. The investment will help EPCG to finance the acquisition, construction and operation of a new 55 MW onshore wind... ... More: Official Press Release EBRD

Montenegro, EBRD, financing, bank, renewable energy, onshore, wind farm, loan, decarbonisation

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