ESM and Germany’s KfW bank sign agreements on two renewable energy projects
- Tuesday’s signing of two project agreements by Power Plants of North Macedonia (ESM) and Germany’s KfW bank marked the beginning of the process for the construction of the Bitola 2 photovoltaic power station and the second phase of the Bogdanci wind park. The two projects are funded by a state-guaranteed EUR 55 million loan taken out from the KfW bank in December 2024, with a repayment period of 15 years and a 5-year grace period.
![ESM and Germany’s KfW bank sign agreements on two renewable energy projects](https://mia.mk/images/20250211142536_big_730x400_43.webp )
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