| Project Detail |
Provision of a senior loan of up to EUR 25 million to public electricity generation utility JSC Elektrani na Severna Makedonija (ESM) for implementing a 30 MW solar photovoltaic (PV) project consisting of: (i) a 10MW Oslomej expansion (currently under construction) on the exhausted coal mine of TPP Oslomej, and (ii) a 20MW Bitola expansion adjacent to TPP Bitola (together the Project). Project Objectives The project is part of a broad partnership with the North Macedonian authorities and ESM to promote a just and green transition, encompassing investment in new green capacity for ESM, adding clean renewable energy generation to a region and country with serious capacity shortages and high reliance on lignite mining. |
