Sun shines on Ukraine with new solar investment

A London-based bank and a renewable energy fund have agreed to finance a 36MW solar plant in Ukraine. The European Bank for Reconstruction and Development (EBRD) and its partner, the Clean Technology Fund (CTF), will provide the capital needed to install photovoltaic panels on the site of a former chemical plant in the city of Lviv. […]

Ukrainian city’s metro gets €160m upgrade

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are each providing a €160 million (£141m) loan to support the expansion of the metro system in Ukraine’s second largest city. The banks say the Kharkiv Metro will benefit from 3.5 kilometres of new line, two new stations, a modern depot […]

Bosnia and Herzegovina turns up the heat with biomass

A renewable power plant made up of 10 biomass boilers will heat homes and businesses in Bosnia and Herzegovina. The city of Banja Luka has secured loans worth €8.4 million (£7.5bn) from the European Bank for Reconstruction and Development (EBRD) for the project. It will be used to develop the new plant and establish a […]

Sun’s out for Egyptian solar with $87m loan

Two solar plants in Egypt with a combined capacity of 80MW are to receive a loan of $87 million (£66m). Renewable energy developers Infinity Solar Energy SAE and ib vogt GmbH will have funding provided by the European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF) and the Dutch Development Bank (FMO). […]

New pipeline bringing gas to Europe lent $500m

A loan totalling $500 million (£379m) has been granted for a project to bring new gas supplies to Europe. The European Bank for Reconstruction and Development (EBRD) is funding the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP), which will deliver gas from the Caspian Sea to Europe along the Southern Gas Corridor (SGC). The […]

Egyptian solar sector gets $116m boost

Two solar power projects in Egypt has received financing totalling $116 million (£90.6m). The European Investment Bank for Reconstruction and Development (EBRD) and French financial institution Proparco is supporting two 50MW projects. They are the first two projects to be financed under the second round of Egypt’s Feed-in Tariff scheme for renewables. They will be […]

Kosovo homes go efficient with €12m loan

More than 3,100 households in Kosovo have so far installed energy effiency measures as part of a new credit line scheme. Kosovo Sustainable Energy Projects (KoSEP), a credit line from the European Bank for Reconstruction and Development (EBRD), is supported by Norway and is offering €12 million (£10.5m) of green building upgrades. The EBRD has committed to […]

Egypt’s renewable sector gets $500m boost

A $500 million (£393m) framework to finance renewable energy projects in Egypt has been approved. It will support the development of private green projects under the government’s Feed-in Tariff programme, which aims to stimulate private investment in more than 4GW of wind and solar power. The European Bank for Reconstruction and Development (EBRD) Board also […]

Sun shines on Kazakhstan with $54.5m solar loan

A 50MW solar project in Kazakhstan has secured long term loans of $54.5 million (£42.9m). The Burnoye Solar-2 facility will receive $44.5 million (£35m) from the European Bank for Reconstruction and Development (EBRD) and $10 million (£7.9m) from the Clean Technology Fund (CTF). The investment in the southern Zhambyl region follows the construction of Burnoye Solar-1, the country’s first utility-scale […]

Romanian residential energy efficiency gets €40m boost

Two banks are joining forces to improve the energy efficiency of Romania’s residential building stock. A €40 million (£34.6m) loan from the European Bank for Reconstruction and Development (EBRD) to Banca Transilvania will enable households, housing associations and service providers to make a range of energy saving investments. It comes as part of the EBRD’s newly […]