PRISTINA, Dec 16 (Reuters) - The European Financial institution for Reconstruction and Growth will
PRISTINA, Dec 16 (Reuters) – The European Financial institution for Reconstruction and Growth will lend 58 million euros ($63.93 million) to finance Kosovo’s greatest wind farm, it mentioned on Monday, greater than doubling renewable vitality capability within the closely coal-reliant nation.
The EBRD mentioned the brand new 105-megawatt Sowi Kosovo wind farm venture in Bajgora, northern Kosovo, which is being developed by Israel’s Enlight Renewable Vitality ENLT.TA, will take the nation’s put in renewable vitality capability past 200 MW.
For the time being round 90% of Kosovo’s electrical energy is produced by two ailing coal-fired crops, Kosova A and Kosova B, that are amongst Europe’s worst polluters. The lender mentioned the brand new venture will lower emissions.
“When full, Bajgora will signify about 10% of the nation’s put in capability and keep away from 247,000 tonnes of CO2 a 12 months, making a major contribution to local weather change mitigation,” the EBRD mentioned in a press release.
The EBRD mortgage will cowl solely half the full…