Month: September 2017

FC, Unicredit, FMO and GGF Support Elicio’s Alibunar Wind Farm, Boosting Supply of Clean Energy in Serbia

IFC, a member of the World Bank Group, is helping Serbia increase its supply of renewable energy by lending €19.1 million to Elicio, a subsidiary of Nethys Group, a Belgium-based energy and telecommunications group, for the 42-megawatt Alibunar wind farm.   The agreement, which includes an A Loan of €15.5 million and a C Loan …

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UniCredit Bank Serbia and Elicio invest in renewable energy

UniCredit Bank Serbia and Electrawinds Mali WF d.o.o, a Serbian subsidiary 100% owned by Belgian renewable energy producer Elicio, signed a long-term financing agreement in the total amount of EUR 9.8 million for the development, construction and operation of the Malibunar wind farm, whose construction started in November 2016. It is after thorough due diligence …

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