Shala delivers news of 169m euros in wind energy investment

Trade and Industry Minister Andrew Shala has considered the Kosovo Government's largest achievement the application of 12 companies worth close to 2 billion euros to invest in Kosovo with the Strategic Investment Law.

The minister announced that the first strategic investor has fulfilled the technical criteria to move to the next phase of the operational group assessment, which was founded today by the inter-ministerial group's decision.

Shala stressed that this project will produce 105 megawatts of wind energy.

“Application subject “Sowi Kosovo LLC” plans to invest 169m euros in the construction of the wind park in the Mitrovica municipality. This is the largest direct investment in Kosovo since the post-war, carried out in the field of investments in alternative energy. The construction of 30 wind turbines will produce 105 megawatts of electricity. And so far we have 12 applications of a stated value of close to 2 billion euros, all this is being done with the Strategic Investment Law”, Shala has said.

The ministry for the company has said it has met all the technical criteria provided with the Strategic Investment Law.

“The Ministry of Trade and Industry remains committed to high dignity in fulfilling its tasks, at the same time as the Government of the Republic of Kosovo, the year of economic development. I pray that this year of economic development will go as it has begun and our youth will be allowed sustainable employment in their country”, Minister Shala has said.

The minister has promised that he will fully commit to his staff to bring as much investment into Kosovo as possible.

I promise you that I will be committed together with the entire MTI staff that the more we bring foreign direct investment to our country”.

At the end of this meeting, the operational commission was formed, which will also review the documentation as well as meet the criteria by the investor.