Three renewable energy projects move forwards

The following three wind energy projects were published in the latest edition of the Capital Projects and Contracts e-newsletter.
Renewable energy, offshore wind, capital projects. wind energy.

EBRD and IFC finance for Čibuk 1

The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) are providing a EUR215 mn (USD252.6 mn) loan to the Čibuk 1 wind farm – the largest wind energy project in Serbia and the Western Balkans to date.

The 158 MW wind farm is being developed by Vetroelektrane Balkana, owned by Tesla Wind, which is a joint venture between Masdar and Čibuk Wind Holding.

Windlab and Vestas to develop

Windlab and Vestas have solidified plans to develop the 60.2 MW Kennedy Energy Park phase I — a utility-scale, on-grid wind, solar, and battery energy storage project. It is located in Flinders Shire in central north Queensland, Australia.

The project will use 12 Vestas V136, 3.6 MW turbines. The Li-Ion storage system will be provided by Tesla. The project will be built under a joint construction contract managed by Vestas and Quanta. The project will take just over 12 months to construct and is expected to be fully operational before the end of 2018.

Vattenfall starts Horns Rev 3 wind energy project construction

Vattenfall has started the construction of the 406 MW Horns Rev 3 offshore wind park, located off the Danish west coast. Horns Rev 3 is the first of three offshore farms that Vattenfall will construct in Denmark in the coming years. 40, 8.3 MW turbines manufactured by Vestas will be used on the project.

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