North Macedonia aims to decarbonise the energy sector by gradually phasing out fossil fuels and increasing the share of renewable energy sources in the energy mix.
Phase 1 of this pilot project, with a 36.8 MW installed capacity, was successfully developed with WBIF technical assistance and produced 103 GWh or 1.95% of the country’s total electricity generation in 2021. This further investment will increase the capacity of the wind park by up to 15 MW, which is expected to produce 46 GWh of electricity annually, equivalent to the energy demand of around 6,000 households. In total, over 22,000 households will be supplied with more reliable and sustainable electricity.
The EU co-funds the investment under Flagship 4 - Renewable energy - of the Economic and Investment Plan for the Western Balkans through the WBIF.
WBIF | Grant | WB-IG07-MKD-ENE-03 | € 9,219,318 |
KFW | Loan | € 18,000,000 | |
National Contribution | Own Contribution | € 2,939,947 | |
KFW | External Grant | € 164,312 | |
Total | € 30,323,577 | ||
Total Grants | € 9,219,318 | ||
Total Loans | € 18,000,000 |