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First wind farm in eastern Serbia secures financing

MK Group and the Slovenian investment fund Alfi Green Energy Fund are investing 155 million euros in the Krivaca wind farm. Construction of this joint venture project began at the end of last year and the wind farm is expected to be fully operational at the end of 2023. Erste Group, as the main creditor and agent, initiated and structured the transaction and invited other banks to join the lenders consortium in the financing of the renewable energy project.” Krivaca is the first wind farm to be built in Eastern Serbia. With a capacity of 105.6 MW and 22 wind turbines, it will be producing 310 GWh of green electricity annually. Slovenia

Evonik and EnBW sign another purchase agreement for power supply from the He Dreiht offshore wind farm

Evonik has extended its cooperation with EnBW and signed a second power purchase agreement from the planned 900MW He Dreiht offshore wind farm. A first power purchase agreement (PPA) was already concluded to purchase 100MW last year. The second agreement now adds a further 50 MW. As a result, Evonik should be able to cover more than a third of its power requirements in Europe from 2026 onwards. The term of the second tranche is also 15 years. The He Dreiht wind farm will be built about 90 kilometers northwest of Borkum and around 110 kilometers west of Helgoland and is scheduled to enter operation at the end of 2025. EnBW is planning to make the final investment decision in the first quarter of 2023. Germany

Asmara Recruits Consultant for Dekemhare Solar Power Plant (30 MWp)

The Eritrean government and the African Development Bank (AfDB) are launching a tender to select a consultant to assist in the construction of a 30 MWp solar photovoltaic power plant near the town of Dekemhare. Interested consultancies have until 20 February 2022 to apply. In the framework of the Dekemhare solar project in Eritrea, the government and the African Development Bank (AfDB) are launching a call for expressions of interest to recruit a consulting firm. The consultant is expected to assist the relevant authorities in all stages of the project, in particular in the tendering process, including contract negotiations. The consultant will also contribute to the review and approval of detailed designs, EPC contractor construction procedures, and technical reports, as well as the supervision of the construction works. In addition to the development phase, the consultant’s role will extend to Factory Acceptance Testing (FAT) for major equipment and supervision of the implementation of the Environmental and Social Management Plan (ESMP). The contract will also cover capacity building for the project executing agency, including operation and maintenance of solar PV and battery storage systems, monitoring and control, solar energy forecasting, and incorporation into the daily dispatch schedule. The project involves the construction of a 30 MWp solar PV plant outside the town of Dekemhare, 40 km southeast of Asmara, the capital of Eritrea. The plant will be connected to a battery power storage system to stabilize the grid of the state-owned Eritrean Electricity Corporation (EEC). The Eritrean government is also planning to build a 66 kV substation and a 500 m transmission line. Consulting firms interested in the tender have until 20 February 2023 to apply. The construction of the Dekemhare solar power plant in the Debub region is part of Asmara’s policy to diversify its electricity mix. The East African country is 90% dependent on fossil fuels, notably diesel, for its electricity generation, according to the 2015 report of the International Energy Agency (IEA). Eritrea

US$25M funding announced for eight affordable homes in King County, Washington

US$25M funding has been announced for the construction, preservation, and acquisition of eight affordable homes in King County. This announcement was made by Dow Constantine, the executive of King County. The funds will come from the Housing Finance Program (HFP) of King County, which is a division of the Department of Community and Human Services (DCHS). The homes in question are Angle Lake Family Housing, Burien II, Spring District, and Ardea at Totem Lake. The others are Sno-Valley Senior Apartments, Northgate, 5th Avenue, and Pacific Apartments Rehab. Developed by Mercy Housing Northwest in SeaTac adjacent to the light rail, the Angle Lake Family Housing development will feature 130 affordable housing apartments. The project will reserve 26 apartments for persons with intellectual and developmental disabilities and their families. This will be done in collaboration with The Arc of King County, a group dedicated to defending the rights of people with disabilities. Burien II is developed by Habitat in Burien. Consisting of 20 units, this development is the second phase of a brand-new, 40-unit affordable housing development spread across nine structures with on-site parking. In addition, the project includes a planned Rapid Ride line and numerous bus routes that are all within a mile of one another. United States

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