Skip to main content

Detail – Energy Country Profile

First equity investment in wind farm in North Macedonia

The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, invested 3.5 million Bogoslovec in North Macedonia (Bogoslovec).

The majority shareholder is BNB Kompani D.O.O., a holding company for energy projects in Northern Macedonia. Erste Group Bank AG is the Mandated Lead Arranger and provided senior debt together with Sparkasse Bank Makedonija AD Skopje, Komercijalna Banka AD Skopje and NLB Banka AD Skopje. The Austrian Development Bank (OeEB) provided subordinated loans. CURO Energy s.r.o. (Curo Energy) will be the construction and commercial operations manager. Operations at Bogoslovec are scheduled to start in mid-2023.

More information can be found here...