Wind energy in Ukraine: The European Bank invests in first wind farm

The European Bank for Reconstruction and Development is making its first ever investment into wind power generation in Ukraine by organising a €13.3 million financing package to Eco-Optima, a Ukrainian-Italian joint venture company, which will operate a wind farm in Staryy Sambir region of western Ukraine.

The loan will consist of two parallel tranches: a 10-year EBRD loan of €9.5 million and a 15-year loan of €3.8 million from the Clean Technology Fund (CTF).