In February 2018, OeEB signed a EUR 24 million loan for a 69 MW wind farm in Serbia to sustainably improve the country's energy supply.

Project name

Kosava wind farm

Region Southeast Europe

Energy / Resource efficiency / Infrastructure

Service Investment Finance
Project country Serbia
OeEB project volume EUR 24 million
Total investment volume EUR 122 million
Projekt partner(s)

MK-Fintel Wind AD Beograd, ERSTE Group Bank AG, Erste Bank A.D. Novi SAD, UniCredit Bank Srbija A.D. Beograd, Zagrebacka Banka D.D.

The Serbian energy supply is to a large extent based on coal. In times of increased energy demand, e.g. during winter months, power shortages occur frequently which makes it necessary to import energy from other countries.

The Serbian government therefore aims to increase the share of renewable energy in the energy mix in order to improve the country's energy supply and at the same time reduce CO2 emissions.

The 69 MW Kosava wind farm co-financed by OeEB will be located near Zagajica, close to the Rumanian border, and will make an important contribution towards improving the country's energy supply. As Serbia's biggest wind power facility it is also expected to help promote the development of further renewable energy projects in the country.