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


    May 17, 2022 - Marketline - Deals

     

      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

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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