Fintel Energija and MK Group to Invest USD18.5 Million in Kula 2 Wind Farm in Serbia

Deal In Brief

Fintel Energija, an electric utility company and a subsidiary of Fintel Energia Group, along with MK Group, a company which operates in the agriculture, banking, and tourism sector, have agreed to invest EUR17.5 million in the construction and development of Kula 2 wind farm in Serbia. The total installed capacity of the project will be 10 MW. The investment per MW will be USD1.85 million

The Kula 2 wind farm, will supply the Serbian electricity network with 28.6 GWh of electricity per year, which is equivalent to the energy consumed by about 8,000 households

The project is planned to be completed by the end of the year (2022), and the commissioning in March 2023.

Deal Value (US$ Million)	18.46
Deal Type	Acquisition
Sub-Category	Asset Purchase
Deal Status	Announced: 2022-05-11

Deal Participants

Deal Rationale

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