Macedonia utility to build solar plant on former coal mine

The European Bank for Reconstruction and Development (EBRD) is providing a €5.9 million loan to Macedonian state-owned electricity company ELEM to build a large-scale solar power plant on the site of a former lignite coal mine. The new solar plant is ELEM’s first and will be the largest in the country. Once operational it will produce nearly 15GWh a year of electricity a year while helping to rehabilitate the 26-hectare mine site. The national utility will also finance the remaining €8.7 million of required project costs.

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