EBRD Invests in Ukraine’s Solar Energy for First Time
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The European Bank for Reconstruction and Development arranged a 5.7 million-euro ($7.39) financial package for a solar energy plant in central Ukraine, its first solar project in the country.
The London-based EBRD will provide a 4.1 million-euro eight-year loan for a 4.5 megawatt solar plant in Vinnytsya region to Rengy Development, a group of companies specializing in renewable energy projects in eastern Europe, the London-based EBRD said in a handout to reporters today in Kiev. Remaining 1.6 million-euro 16-year loan is to be provided by the Clean Technology Fund, according to the statement.