EBRD to Provide €58 Million to Construct Kosovo's Biggest Wind Farm

The EBRD said the new 105-megawatt Sowi Kosovo wind farm project in Bajgora, northern Kosovo, which is being developed by Israel's Enlight Renewable Energy, will take the country's installed renewable energy capacity beyond 200 MW

December 17, 2019. By News Bureau

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The European Bank for Reconstruction and Development has announced that it will lend 58 million euros ($63.93 million) to finance Kosovo's largest wind farm, more than doubling renewable energy capacity in the heavily coal-reliant country.

The EBRD said the new 105-megawatt Sowi Kosovo wind farm project in Bajgora, northern Kosovo, which is being developed by Israel's Enlight Renewable Energy, will take the country's installed renewable energy capacity beyond 200 MW.

At the moment around 90% of Kosovo's electricity is produced by two ailing coal-fired plants, Kosova A and Kosova B, which are among Europe's worst polluters. The lender said the new project will cut emissions.

"When complete, Bajgora will represent about 10% of the country's installed capacity and avoid 247,000 tonnes of CO2 a year, making a significant contribution to climate change mitigation," the EBRD said in a statement.

The EBRD loan will cover only half the total construction cost, with the other half covered by other lenders.

Kosovo aims to accomplish generating capacity from renewables of 400MW by 2026, including wind, hydro and sun. However, it is still planning to develop more coal-powered capacity.

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