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Fintel Energia Receives Erste Bank Loan for Serbian Wind Project

Fintel Energia Group SpA, an Italian developer of clean-energy projects, received a loan from Erste Group Bank AG to build a wind farm in Serbia.

Fintel won a 12-year loan totaling 14.2 million euros ($19.5 million), it said in a statement. The developer will provide equity to cover 30 percent of the project costs.

The 9.9-megawatt wind farm will be built in Kula, northwest Serbia, and will provide enough energy for 7,700 homes once operational in December.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Amanda Jordan, Alex Devine

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