EBRD, IFC Consider Loan for Ukraine Wind Farm by Turkey’s Guris

The European Bank for Reconstruction and Development and the World Bank Group’s International Finance Corp. are considering offering a loan for a wind farm in west Crimea, Ukraine, developed by Turkey’s Guris Holding AS.

The loan would fund the first 126-megawatt phase of the project in Chernomorske district, the London-based EBRD said on its website. Guris, an Ankara-based construction company, is considering using turbines from Spain’s Gamesa Corp. (GAM) Tecnologica SA or Germany’s Fuhrlander Aktiengesellschaft, the EBRD said.

Guris said in January it won permission to build the plant, with construction slated to start this year. The company is developing the plant, which would have a total 250 megawatts of generation, with Belgium’s GreenWorx Holding NV. The EBRD plans to appoint an engineer to assess loans for the project, it said.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.