| Project Detail |
The project concerns the development of a 100MW solar photovoltaic (PV) power plant, located between Obilic and Fushe Kosova, in close proximity to Pristina, in Kosovo. The PV plant will produce electricity from low carbon sources, therefore it addresses the market failure of negative environmental externalities, by reducing carbon and air pollution.
Objectives
The aim is to deploy new renewable energy capacity in Kosovo, crucial for the achievement of the decarbonisation targets for 2026 as set out in the in the National Renewable Energy Action Plan (NREAP). Kosovo depends almost exclusively on two ageing lignite plants for its electricity. The project is in line with the EIBs lending priority objectives of financing Renewable Energy, Climate Action, Environmental Sustainability, as well supporting a Pre-Accession region. It is also aligned with the EU Green Agenda for the Western Balkans.
Comments
* This designation is without prejudice to positions on status, and it is in line with UNSCR 1244/1999 and ICJ Opinion on the Kosovo declaration of independence.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 100 million |
