September 27 (SeeNews) - Finland-based Taaleri Energia said that it has completed a 205 million euro ($197.15 million) refinancing of the 158 MW Cibuk 1 wind farm in Serbia, the largest wind farm in the country.
Alongside Taaleri Energia, UniCredit, Credit Suisse, Eurobank and OTP Bank also contributed to the refinancing, Taaleri Energia said in a press release on Monday.
You can download the 2024 Renewable energy in Southeast Europe report here
Serbian company Vetroelektrane Balkana (WEBG), the project company behind Cibuk 1, is wholly owned by Tesla Wind, a joint venture between UAE-based Masdar (60%), Taaleri Energia (30%), and DEG (10%), according to data on the Tesla Wind website.
Cibuk 1 began operating on October 11, 2019. WBEG said at the time that it has invested 300 million euro in the construction of the wind farm.
With its 57 GE turbines, Cibuk 1 produces enough electricity to supply around 87,000 households and offsets the equivalent of around 380,000 tonnes of carbon dioxide during each year of operation, the press release added.
Taaleri Energia is a renewable energy developer and fund manager. It has a 2.8 GW wind and solar portfolio in Europe, the US, and the Middle East. Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki stock exchange.
($ = 1.03981 euro)