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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EBRD brings wind energy to Montenegro
In a landmark project for Montenegro’s energy sector, the European Bank for Reconstruction and Development (EBRD) is supporting the first commercial wind power plant in Montenegro, to be located at Krnovo, near the town of Niksic in the western part of the country. The EBRD is extending a senior secured loan of up to … Continue reading EBRD brings wind energy to Montenegro
Continue readingGeorgia’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
Continue readingEBRD 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 provides loan for Polish wind farm
The European Bank for Reconstruction and Development (EBRD) is providing a €22m loan to help finance the construction and operation of the phase one of a wind power project in Orla, Poland. The project will feature 15 Nordex wind turbines N100 2.5MW with a total capacity of 37.5MW with construction on the 22.5MW phase one … Continue reading EBRD provides loan for Polish wind farm
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EBRD backs Polish wind farm
The European Bank for Reconstruction and Development (EBRD) announced on Tuesday that it is backing a 120-megawatt wind farm in Pawlowo, north west Poland. The announcement was made as Warsaw hosted the second day of the 19th UN Climate Change Conference (COP19). The EBRD, which was founded in 1991 to help countries in the former … Continue reading EBRD backs Polish wind farm
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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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