Deal #11065

Serbia
Created at
2024-12-18
Last update
2024-12-21

Operating Company

Operating company
Actors involved in the negotiation / admission process
  • European Bank for Reconstruction and Development (EBRD) Other
  • International Finance Corporation (IFC) Other
  • General Electric (GE) Other
  • Mott MacDonald Other
  • Norton Rose Fulbright Other
Name of investment project
Cibuk wind farm
Comment on investment chain
Two International financial institutions namely European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) are together providing €215m ($253.7m) for the project. IFC is providing a €107.7m ($121.6m) lending package to Tesla Wind. Finnfund made a €10m ($11.3m) investment in the project in November 2017. General Electric (GE) is supplying the wind turbines and is also responsible for the construction of the wind farm. The contract also includes a 15-year full-service agreement. Mott MacDonald acted as the technical advisor to the EBRD and IFC during the financial close. It also provided the environmental, technical, and social due diligence during funding. Norton Rose Fulbright, a global law firm, provided advice to the lenders with regard to the financing of the wind farm.
Network of parent companies and tertiary investors/lenders
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