Tag Archives: EBRD

Wind power in Kosovo: EBRD lends €18m to first wind farm

The European Bank for Reconstruction and Development (EBRD) is supporting Kosovo’s first wind farm with an €18m loan. The 32.4MW wind farm, in Kitka has already begun operations, having been developed by the Turkish energy group Guris. It will raise annual national electricity generation by more than 1.4% and reduce emissions by 81,000 tonnes of … Continue reading Wind power in Kosovo: EBRD lends €18m to first wind farm

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EBRD Grants €48 Mn Loan For 220 MW Wind Farm in Poland

In its first project in renewable energy in Poland in over three years, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting the 220 MW Potegowo wind farm with a local currency loan of up to PLN 209.1 million (€48 million). The plant in north-eastern Poland will be constructed and … Continue reading EBRD Grants €48 Mn Loan For 220 MW Wind Farm in Poland

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Total Eren and NBT Secure the Financing for the First Phase of The 250 MW Syvash Wind Project in Ukraine from a Consortium Led by EBRD

NBT AS (“NBT”), a utility-scale wind power developer based in Oslo, and Total Eren SA (“Total Eren”), a leading renewable energy Independent Power Producer (“IPP”) based in Paris, have signed definitive financing agreements for the first phase of a 250 MW wind project located in the Kherson region of Ukraine. The €155M financing agreement was … Continue reading Total Eren and NBT Secure the Financing for the First Phase of The 250 MW Syvash Wind Project in Ukraine from a Consortium Led by EBRD

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EBRD finances 45MW wind farm in Jordan

Continuing to support Jordan’s wind power generation, the European Bank for Reconstruction and Development (EBRD) is providing a US$ 52 million loan for the construction and operation of a 45 MW wind farm in the Shobak region, 160 km south of the capital, Amman. The loan will be provided to Shobak Wind Energy PSC, a … Continue reading EBRD finances 45MW wind farm in Jordan

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EBRD, IFC bankroll Serbia’s biggest wind power project

The European Bank for Reconstruction and Development (EBRD) has teamed up with International Finance Corp. (IFC) to provide 215 million euros (US$254 million) in syndicated loans to Serbia’s biggest wind project. In a press release on October 17, the EU lender said a financing agreement had been signed for the Cibuk-1 wind farm in northern … Continue reading EBRD, IFC bankroll Serbia’s biggest wind power project

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Serbia’s biggest wind farm project attracts EBRD, IFC funding

Serbia’s largest wind farm project will receive 215 million euros ($253 million) in syndicated loans from the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC), the lenders said on Tuesday. The 300 million euro, 158 megawatt (MW) Cibuk windfarm is to be built 50 km (31 miles) northeast of Belgrade and … Continue reading Serbia’s biggest wind farm project attracts EBRD, IFC funding

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EBRD unlocks extra funds for Kazakhstan renewable energy

The European Bank for Reconstruction and Development (EBRD) has announced that a new funding allocation of up to US$110 million has been made available to help pay for the construction and operation of renewable energy projects in Kazakhstan. The money will be provided from the United Nations’ Green Climate Fund (GCF), which was established in … Continue reading EBRD unlocks extra funds for Kazakhstan renewable energy

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EBRD to lend up to 50 mln euros for Serbian wind energy

The European Bank for Reconstruction and Development (EBRD) said on Wednesday it would lend up to 50 million euros ($53 million) to Serbian company Electrawinds K-Wind to help finance one of the Balkan country’s first wind farms. The 104.5 megawatts (MW) project in the northern town of Kovacica, estimated to cost 185 million euros, will … Continue reading EBRD to lend up to 50 mln euros for Serbian wind energy

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EBRD providing €200 million for renewable energy sector in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) Board of Directors has approved a financing framework of up to €200 million which will be used to finance primarily private renewable energy projects in Kazakhstan with a total generating capacity of 300 MW within the next five years, the Bank said on December 16. Such projects … Continue reading EBRD providing €200 million for renewable energy sector in Kazakhstan

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EBRD and Georgia sign initial agreement to work on first wind power plant

The European Bank for Reconstruction and Development (EBRD) and the Government of Georgia have signed a mandate letter setting out their readiness to cooperate on the first wind farm project in the country. The letter was signed during the 2015 EBRD Annual Meeting in Tbilisi in the presence of Deputy Prime Minister and Minister of … Continue reading EBRD and Georgia sign initial agreement to work on first wind power plant

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Georgia’s first wind farm in spring 2016

With the support of the European Bank for Reconstruction and Development (EBRD) Georgia’s is preparing to create the country’s first wind farm and utilise its wind energy potential.   The EBRD is considering providing up to a $25 million USD senior loan to a special purpose vehicle established in Georgia for the sole purpose of … Continue reading Georgia’s first wind farm in spring 2016

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Turkey aims to add 20 GW of wind energy, 5 GW of solar energy and 1 GW of geothermal energy by 2023

Turkey aims to add 34 GW of hydropower, 20 GW of wind energy, 5 GW of solar energy, 1 GW of geothermal and 1 GW of biomass by 2023.   The European Bank for Reconstruction and Development (EBRD) and the Turkish Energy Ministry are joining forces to develop a renewable-energy action plan, the bank said … Continue reading Turkey aims to add 20 GW of wind energy, 5 GW of solar energy and 1 GW of geothermal energy by 2023

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EBRD to support Yereymentau wind farm in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has agreed to provide financing for the 50MW wind farm in Yereymentau, Kazakhstan.       The bank will provide a €59.2m loan to Wind Power Yereymentau, a special-purpose vehicle incorporated in Kazakhstan. About €18m of concessional financing will be provided by the Clean Technology Fund (CTF). … Continue reading EBRD to support Yereymentau wind farm in Kazakhstan

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EBRD provides loan for 84 MW wind farm in Romania

The European Bank for Reconstruction and Development (EBRD) announced it will provide Romania with a loan worth €57 million (US$78 million) to fund its eighth wind power project in the country.   LUKERG Renew, a 50-50 joint venture headed by Italy-based ERG Renew and LUKOIL-Ecoenergo in Russia, is responsible for the wind farm’s development. The … Continue reading EBRD provides loan for 84 MW wind farm in Romania

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EBRD considers financing first major wind farm in Kazakhstan

EBRD First Vice President Phil Bennett has reaffirmed the Bank’s support for the National Green Growth Plan announced by the government of Kazakhstan during his first visit to Kazakhstan for the Bank. During meetings with members of the Kazakh government and business community, Mr Bennett stressed that the EBRD remains committed to the country’s sustainable … Continue reading EBRD considers financing first major wind farm in Kazakhstan

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EBRD gets biggest wind farm in Turkey rolling

The biggest wind farm in Turkey, Enerjisa Bares Wind Power Plant in Balikesir in the west of the country, has started producing electricity. The plant, built with a €135 million syndicated loan arranged by the EBRD, will increase Turkey’s current wind power-generated electricity by about 8 per cent and help the country diversify away from … Continue reading EBRD gets biggest wind farm in Turkey rolling

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EBRD to finance its first solar power project in Ukraine

The European Bank for Reconstruction and Development (EBRD) is to provide a loan to Rengy Development to build and launch solar power facilities in Vinnytsia region. EBRD Principal Advisor for External Affairs Anton Usov told Interfax-Ukraine that this would be the first project on the financing of alternative energy such as solar energy in the … Continue reading EBRD to finance its first solar power project in Ukraine

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