First commercial wind power plant in Montenegro
Located at Krnovo, the EBRD is to extend a senior secured loan to Krnovo Green Energy to build and operate the 72 MW plant. Another loan is provided by the German development bank KfW.
The wind farm will represent 8% of the total installed capacity and 6% of total electricity production in Montenegro.
During two years the EBRD has worked with the government to create the regulatory framework for renewables.
With this project EBRD will have committed a total of €493,5 Mio. in 45 projects, generating more than € 960,- Mio. of investment in Montenegro.
Source: renews 09 July 2015