Elicio Ali VE

Our Clients

SECTOR: ENERGY

Serbia

Elicio Ali VE is a 100% subsidiary of Elicio NV, a young and ambitious energy producer with the goal to ensure a sustainable and better world for everyone.
The company started as a pioneer in onshore and offshore wind energy in Belgium and has grown to be an international player in the sector with a growing portfolio of wind farms in Belgium, France, Serbia, Spain and in Scottish waters.
In July 2021, Elicio Ali VE was looking for refinancing for its Alibunar 42MW wind farm, which supplies energy to nearly 30,000 households in Serbia.

UniCredit Bank Serbia worked with Elicio Ali VE to complete the required transaction as the leading structuring bank and sole lender in the €53 million refinancing.
The transaction represented an important milestone for the Serbian renewables market, demonstrating its strong fundamentals and bankability.
Furthermore, the green energy that can be produced as a result is expected to reduce carbon-dioxide emissions in Serbia by 94,455 tonnes per year.

This refinancing represents an important milestone for the Serbian renewables market as it affirms the project and the bankable regulatory environment for renewable energy production in the country. The transaction also confirms the funding available in the Serbian market to locally finance well-structured projects and to do so on longer tenors. We are grateful to UniCredit for supporting us in this journey.

Alain Janssens, CEO of Elicio

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