{"id":163825,"date":"2025-12-23T11:37:55","date_gmt":"2025-12-23T11:37:55","guid":{"rendered":"https:\/\/www.pv-tech.org\/?p=163825"},"modified":"2025-12-23T11:37:58","modified_gmt":"2025-12-23T11:37:58","slug":"ebrd-kfw-134mwdc-north-macedonia-solar-project","status":"publish","type":"post","link":"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/","title":{"rendered":"134MWdc solar project in North Macedonia backed by EBRD and KfW"},"content":{"rendered":"\n
\"\"
Bitola III solar project is expected to generate 180.9GWh of renewable electricity annually. Image: EBRD<\/figcaption><\/figure>\n\n\n\n

The European Bank for Reconstruction and Development (EBRD) and German development bank KfW will provide \u20ac87 million (US$102.2 million) in debt financing to support the construction and operation of a 134MWdc solar project at a former coal mine site in North Macedonia. <\/p>\n\n\n\n

Bitola III solar project is expected to generate 180.9GWh of renewable electricity annually. It is a flagship project under North Macedonia\u2019s Just Energy Transition Investment Platform (JETIP), launched at COP28 in 2023. JETIP aims to mobilise up to \u20ac3 billion in investment to deploy 1.7GW of new renewable capacity by 2030. <\/p>\n\n\n\n

The debt package comprises a \u20ac37 million sovereign-guaranteed loan from the EBRD to state-owned utility Elektrani na Severna Makedonija (ESM) to fund the development, construction and operation of the plant. This is complemented by a \u20ac50 million loan from KfW, marking the first project jointly financed and implemented by the EBRD and KfW. <\/p>\n\n\n\n

\u201cToday, we are opening bids to select contractors for photovoltaic power plants Oslomej II and Bitola I, and intensive work is underway on implementing the second phase of the Bogdanci wind park. Through all these projects, including Bitola III, we will increase domestic production from renewables by more than 200MW in the next two to three years,\u201d said Lazo Uzuncev, general manager of ESM. <\/p>\n\n\n\n

The project supports North Macedonia\u2019s plans to phase out coal and cut greenhouse gas emissions by 82% by 2030 under its National Energy and Climate Plan and updated NDCs. It will also support improvements in ESM\u2019s corporate governance, including training and strengthened anti-corruption and compliance frameworks.  <\/p>\n\n\n\n

The project will be co-financed and implemented with KfW under a Project Implementation Agreement, reinforcing the EBRD-KfW partnership in the Western Balkans, where EBRD has invested more than \u20ac3 billion across over 200 projects.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

EBRD and KfW will provide \u20ac87 million (US$102.2 million) in debt financing for a 134MWdc solar project in North Macedonia.<\/p>\n","protected":false},"author":189,"featured_media":163032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[3848,116,3142,11891,95,125,6078],"paywall-tags":[],"regions":[35,34],"industry-segments":[9,23],"class_list":["post-163825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ebrd","tag-finance","tag-kfw","tag-north-macedonia","tag-pv-power-plants","tag-solar-pv","tag-sovereignbacked","regions-africa","regions-africa-middle-east","industry-segments-power-plants","industry-segments-projects"],"acf":[],"yoast_head":"\n134MWdc project in North Macedonia backed by EBRD and KfW - PV Tech<\/title>\n<meta name=\"description\" content=\"EBRD and KfW will provide \u20ac87 million (US$102.2 million) in debt financing for a 134MWdc solar project in North Macedonia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"134MWdc solar project in North Macedonia backed by EBRD and KfW\" \/>\n<meta property=\"og:description\" content=\"EBRD and KfW will provide \u20ac87 million (US$102.2 million) in debt financing for a 134MWdc solar project in North Macedonia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/\" \/>\n<meta property=\"og:site_name\" content=\"PV Tech\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/PV-Tech\/360525490632679\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-23T11:37:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-23T11:37:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/2025\/11\/solar-romania-hero-1282x682-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shreeyashi Ojha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@pv_tech\" \/>\n<meta name=\"twitter:site\" content=\"@pv_tech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shreeyashi Ojha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/\"},\"author\":{\"name\":\"Shreeyashi Ojha\",\"@id\":\"https:\/\/www.pv-tech.org\/#\/schema\/person\/330ef404bc3eb519d90bc4dc8a4662d4\"},\"headline\":\"134MWdc solar project in North Macedonia backed by EBRD and KfW\",\"datePublished\":\"2025-12-23T11:37:55+00:00\",\"dateModified\":\"2025-12-23T11:37:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/\"},\"wordCount\":336,\"publisher\":{\"@id\":\"https:\/\/www.pv-tech.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/2025\/11\/solar-romania-hero-1282x682-1.jpg\",\"keywords\":[\"ebrd\",\"finance\",\"kfw\",\"north macedonia\",\"pv power plants\",\"solar pv\",\"sovereign-backed\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.pv-tech.org\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/\",\"url\":\"https:\/\/www.pv-tech.org\/ebrd-kfw-134mwdc-north-macedonia-solar-project\/\",\"name\":\"134MWdc project in North Macedonia backed by EBRD and KfW - 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