Envision Energy reaches financial close on 131.25 MW wind farm in North Macedonia
- Reports
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
The first phase of the Štip Wind Farm in North Macedonia, totaling 131.25 MW, has reached financial close. Envision Energy is developing the project, which is planned across three phases with a total capacity of up to 396 MW. The project utilizes 21 EN182-6.25 MW wind turbines and is backed by a long-term offtake agreement with an investment-grade international corporation.
Why it matters
The Štip Wind Farm is North Macedonia's largest wind energy project to date. Once fully developed, it is expected to more than quadruple the country's installed wind capacity, supporting the shift away from coal-fired generation. This milestone also reinforces Envision Energy's market presence in the European wind sector.
The European Bank for Reconstruction and Development is supporting the financing of a wind power plant in Štip, North Macedonia.
From prnewswire.com
Who's involved
- Envision EnergyDeveloping and supplying wind turbines for the project in Štip.
- ŠtipThe location of the wind power project in North Macedonia.
- North MacedoniaThe country where the wind energy project is being developed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- North MacedoniaSpeculative
North Macedonia's energy transition goals could be supported by the significant increase in renewable energy infrastructure.
- Envision EnergySpeculative
Envision Energy might see increased revenue and strengthened market presence in Europe due to the project's successful financial close.
Keep exploring
The entities involved
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Štip
city in the eastern part of North Macedonia
Nothing else this week.
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North Macedonia
country in southeastern Europe
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Envision Energy
Chinese wind turbine company
Nothing else this week.