Možura 45MW wind farm

19/5/2016
Project development

€ 100 million

$ 109.439 million

Announced

19/5/2016


Overview:

  • Možura 45MW wind farm.
  • Enemalta, an energy company majority owned by the Government of Malta, is developing a new wind farm in Možura. 
  • The farm consists of 23 2MW turbines that will provide 3% of the country's energy.
  • The project is expected to be complete in lat 2017/early 2018.
  • The project was originally enacted in 2010 with a consortium of Fersa Energias Renovables and Čelebić acquiring the rights to develop a wind farm at the site. The project company was later acquired by Enemalta.
  • Shanghai Electric Power holds a 33% stake in Enemalta.
  • The project, alongside the Krnovo wind farm, is part of a wider plan by the government in Montenegro which is aiming to have 33% of the company's energy needs provided by renewable sources. 

Sam Duke - Editor

Jurisdiction:

Montenegro

Deal type:

Project development

Practice area:

Project development

Industry sector:

Energy


Firms:

Party: Shanghai Electric Power (Acquirer, Project developer)

Lawyer: Petar Mitrović


Party: Enemalta (Acquirer, Project developer)

Party: Shanghai Electric Power (Acquirer, Project developer)

Lawyer: Miloš Laković