Fintel provides EUR 14.5 million for wind farm completion in Kula

Fintel Energia Group, an Italian company engaged in the production of energy from renewables, has secured a loan of EUR 14.5 million for the completion of the 9.9MW wind farm in Kula.

This wind farm in Kula, which consists of three wind turbines with an individual capacity of 3.3 megawatts, should become fully operational in December 2014, Fintel announced in a release.

The loan is provided by Erste Bank with a repayment period of 12 years.

Fintel, whose headquarters is situated in the Italian town of Polenza, is also building a wind farm in Vrsac, Vojvodina, with a total capacity of 6.6 megawatts.

The MK-Fintel Wind company that is co-owned by Fintel and Serbia's MK Group has plans to build a wind farm in the municipality of Veliko Gradiste as well.