In recent times, the Wind Power Action Plan has been on everyone’s lips in the industry as a way to ensure that European wind projects continue to be built with wind turbines made and designed in Europe. However, the reality is that the Wind Power Action Plan has not yet materialized and, for the time … Continue reading The European Bank for Reconstruction and Development (EBRD) finances a wind farm with Goldwind wind turbines
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EBRD to help fund transition from gas to wind power in Egypt
El Banco Europeo para la Reconstrucción y el Desarrollo (BERD) ayudará a financiar el desmantelamiento de 5 GW de centrales eléctricas de gas ineficientes en Egipto a partir de 2023 y promete hasta $ 1 mil millones para energía renovable, dijo. el domingo su director regional. El BERD recaudaría hasta $300 millones en financiamiento soberano … Continue reading EBRD to help fund transition from gas to wind power in Egypt
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Wind energy in Kazakhstan, EBRD backs 100 MW wind farm
A group of financial institutions including the European Bank for Reconstruction and Development (EBRD) are providing over $95m for a 100 MW wind farm in Kazakhstan. EBRD will deliver funding of $24.8m under the Bank’s Kazakhstan Renewables Framework 2 for the project near the town of Zhanatas in the south of the country. The money … Continue reading Wind energy in Kazakhstan, EBRD backs 100 MW wind farm
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Wind energy in Egypt, EBRD approves loan for Gulf of Suez wind farm
The wind power plant is to be located in the Gulf of Suez, approximately 40 km north-west of Ras Ghareb.The European Bank for Reconstruction and Development (EBRD) has approved a long-term senior loan of $50m (equivalent to €42m) for Egypt to construct a 500 MW wind farm. The plant is to be located in the … Continue reading Wind energy in Egypt, EBRD approves loan for Gulf of Suez wind farm
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Wind power in Montenegro, EBRD loan for Gvozd wind farm
Elektroprivreda Crne Gore (EPCG) is negotiating a loan with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Gvozd wind farm. At the beginning of September last year, shareholders of EPCG approved the investment in the construction of the 54.6 MW Gvozd wind farm with Austria’s Ivicom Holding. It is … Continue reading Wind power in Montenegro, EBRD loan for Gvozd wind farm
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Turkish wind farm to triple capacity with $37mn from EBRD
Turkey’s renewable energy production will receive a boost with a European Bank for Reconstruction and Development (EBRD) loan of $37m to finance the expansion of the Kiyikoy wind farm in the northwest of the country. The bank’s loan will be used for the development, construction and operation of a 72 MW extension to the 28 … Continue reading Turkish wind farm to triple capacity with $37mn from EBRD
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EBRD lends €58m to finance 105 MW wind farm in Kosovo
The European Bank for Reconstruction and Development (EBRD) has approved a loan of 58 million euro which will help finance the construction and operation of the 105 MW Bajgora wind farm in Kosovo. The EBRD in a press release on Monday said this loan is half of the total required financing for the project, with … Continue reading EBRD lends €58m to finance 105 MW wind farm in Kosovo
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EBRD grants €45 million loan for Noor Midelt I concentrated solar power project
The European Bank for Reconstruction and Development (EBRD) has granted a €45 million loan for the construction of the Noor Midelt I hybrid concentrated solar power + PV plant. It will have a capacity of 800 MW. New funds have recently been allocated to the development of the Noor Midelt I hybrid solar project in … Continue reading EBRD grants €45 million loan for Noor Midelt I concentrated solar power project
Continue readingLoan to Kosovo for construction of 105 MW wind farm
The European Bank of Reconstruction and Development said on Friday a loan of 55 million euro ($60.3 million) to finance the construction of a 105 MW wind farm in Kosovo’s northern municipality of Mitrovica has passed final review and is awaiting board approval with a target date of December 11. The wind power project will … Continue reading Loan to Kosovo for construction of 105 MW wind farm
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Wind energy in Serbia: Largest wind farm opened
A wind farm with 38 wind turbines and total installed power of 104.5 MW was opened today in Kova?ica, Vojvodina. This is the largest operational wind farm of its kind in Serbia. The construction of the wind farm was financed by the Israeli company Enlight. Three other financiers supported the construction of the wind farm … Continue reading Wind energy in Serbia: Largest wind farm opened
Continue readingWind 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
Continue readingEBRD, 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
Continue readingSerbia’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
Continue readingEBRD 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
Continue readingEBRD 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
Continue readingEBRD 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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