KfW IPEX-Bank finances Orlice wind farm in Croatia

Frankfurt am Main, Germany - KfW IPEX-Bank GmbH finances the construction of a wind farm near Sibenik, around 60 km north-west of Split in Croatia with EUR 10.1 million. The total investment amount is around EUR 12.7 million. The refinancing also includes funds from the KfW Environmental Programme.

The wind farm, which has a total capacity of 9.6 megawatts, is the third one in Croatia. It comprises a total of eleven wind turbines that will be supplied, erected and commissioned by Enercon GmbH. Enercon will also perform the long-term operation and maintenance of the plant. The project was initiated by wpd AG of Bremen, which has already realised a similar project several kilometres away.The Orlice wind farm is scheduled to be commissioned this summer.

Source: IWR Online, 23 Jun 2009