Krnovo 72MW wind farm

8/12/2015
Project development, Project finance

€ 144 million

$ 158.156 million

Completed

8/12/2015


Overview:

  • Krnovo 72MW wind farm.
  • Akuo Energy is developing a 72MW wind farm at Krnovo near the town of Niksic in Montenegro.
  • Akuo is a French renewable energy company.
  • The plant will produce 6% of the country's energy upon completion.
  • The project is being part financed by loans provided by the European Bank for Reconstruction and Development (EBRD) and KfW IPEX-Bank.
  • The project, alongside the Možura wind farm, is part of a wider plan by the government in Montenegro which is aiming to have 33% of the company's energy needs provided by renewable sources.

Sam Duke - Editor

Jurisdiction:

Montenegro

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy


Firms:

Party: KfW IPEX-Bank GmbH (Lender)

Party: European Bank for Reconstruction and Development (EBRD) (Lender)

Lawyer: Dan Cocker


Party: Akuo Energy (Project developer)


Party: Akuo Energy (Borrower, Project developer)


Party: Akuo Energy (Borrower)


Party: KfW IPEX-Bank GmbH (Lender)

Party: European Bank for Reconstruction and Development (EBRD) (Lender)