Tag Archives: European Bank for Reconstruction and Development

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

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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

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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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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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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 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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EBRD to lend up to EUR48.8 million to build Donetsk region wind farm

The European Bank for Reconstruction and Development will provide a loan of up to EUR 48.8 million to Novoazovsky Wind Farm LLC to build the second phase of a wind farm in Donetsk region. EBRD Principal Advisor for External Affairs Anton Usov told Interfax-Ukraine on Wednesday that the decision was made by the bank’s board … Continue reading EBRD to lend up to EUR48.8 million to build Donetsk region wind farm

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