The Štip Wind Farm project in North Macedonia has reached financial close, marking a major commercial milestone for one of Southeastern Europe’s most significant utility-scale renewable energy developments. Backed by leading international financial institutions and anchored by a long-term private offtake agreement, the project is set to fundamentally reshape North Macedonia’s energy landscape.
Planned across three phases with a combined capacity of up to 396 MW, the Štip Wind Farm is expected to more than quadruple North Macedonia’s installed wind capacity once fully developed. The project directly supports the country’s ongoing energy transition, driving a meaningful shift away from coal-fired generation toward a more resilient and sustainable energy system.
Envision Energy Supplies Industry-Leading Turbine Technology
Envision Energy is supplying 21 units of its EN182-6.25 MW wind turbines for the Štip Wind Farm, drawing on its globally proven large-scale onshore wind technology and extensive deployment experience. Featuring a 120-metre hub height, the EN182 ranks among the largest onshore wind turbines currently deployed in Europe. This advanced turbine configuration supports higher energy yield and enhances overall project efficiency, reinforcing Envision Energy’s position as a technology partner of choice for utility-scale wind power projects across the continent.
Private Offtake Model Sets Regional Benchmark
The Štip Wind Farm will operate entirely on a private offtake basis, supported by a long-term offtake agreement with an investment-grade international corporation. This commercially driven structure is being recognised as an important benchmark for renewable energy investment in Southeastern Europe, demonstrating how advanced technology and robust commercial frameworks can unlock utility-scale clean energy deployment without reliance on public subsidy mechanisms.
Major International Financial Institutions Validate Project Bankability
With financial close now achieved, Envision Energy’s wind technology has been formally accepted as bankable by a group of prominent international lenders. The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) — the private sector arm of the World Bank Group — and Erste Group Bank AG (Erste), Austria’s largest banking group, have all participated in the financing of the Štip Wind Farm. Their collective involvement reinforces the international bankability of Envision’s onshore wind energy technology and strengthens its standing as a trusted partner for large-scale renewable energy investment across Europe.
Kane Xu, Senior Vice President and President of International Product Line at Envision Energy, commented on the achievement: “Štip marks an important milestone for Envision in Europe, bringing together proven wind technology, commercial scale and long-term system value in one of the region’s most significant renewable energy developments. Beyond adding new capacity, the project shows how advanced wind can strengthen energy resilience, improve system competitiveness and support broader economic transformation. Through projects like Štip, Envision is helping shape the Future Energy System in the region, with renewable energy at the foundation of a more resilient and competitive energy economy.”
Daniel Lancha, Partner at Alcazar Energy Partners, added: “Štip Wind Farm reflects our long-term commitment to North Macedonia and our confidence in the country’s renewable energy potential. As the project moves into construction, we are proud to be turning this shared ambition into clean, affordable electricity, new jobs and lasting economic value for local communities. Štip will also demonstrate what can be achieved through strong partnerships, setting an important benchmark for renewable energy development across the wider region.”
The Štip Wind Farm brings together North Macedonia renewable energy goals, internationally recognised technology, and a commercially sound investment structure into a single project of considerable regional significance. As construction progresses, it is positioned to serve as a model for how utility-scale wind power can be deployed effectively across Southeastern Europe, supported by credible technology partners and major international financial institutions committed to North Macedonia renewable energy development.