Israeli company to invest millions of euros for wind energy in Kosovo

The Israeli company, “Enlight Renewable Eberhy”, has announced this Wednesday that has bought the rights of a 105-megawatt wind energy project in Kosovo.

This will be the third largest project in the Balkans of this form, Reuters reports.

The 27-year winded turbine is in the final phase of development, where it is expected to bring in annual revenues I expect 25m euros for the first 12 years and 15m for each year later, the company announced.

“Enlight Renetable Energy”, has said the investment will be from 140-180m euros and that it is in talks to secure 60-80 per cent of its financing.

It is said that this company is waiting to get approval, and then its experts will start building windmills to bring energy in 2020.

Enlight is the holder unit of Israeli Eurocom company, which is burdened with debts and requires buyers.