Floating wind farm in Portugal granted €60m EU loan

The 25MW project is expected to generate enough power for 60,000 homes a year

German bank lends €200m for renewable energy in India

Rural Electrification Corporation will provide the funds to investors in the form of low-interest loans

Italian firm’s EV charging plans revved up with €115m EU loan

Enel X Mobility aims to install 14,000 chargers by 2022

World Bank approves $180m for Kenya’s energy sector

The loan will help strengthen the financial position of state-run Kenya Electricity Generation Company

Battery storage developer secures £20 million loan

Eelpower aims to install a 150MW battery storage portfolio in the UK

Serbian wind project receives €59.1m in loans

A proposed wind farm in Serbia is due to receive a total of €59.1 million (£53.3m) in loans to finance its construction. IFC is lending €19.1 million (£17.2m) to energy and telecommunications group Elicio, with a further €40 million (£36m) being lent by Unicredit, the Netherlands Development Finance Company (FMO) and Green for Growth Fund […]

Bosnia and Herzegovina power firm gets €15m loan

A state-owned power distribution company in Bosnia and Herzegovina is to receive a €15 million (£13m) loan. The European Bank for Reconstruction and Development (EBRD) and the Taiwanese Green Energy Special Fund (GESF) aim to strengthen the resilience of the Republika Srpska region’s local economy by each lending up to €7.5 million (£6.5m) to ZP Elektrokrajina. The loan will […]

Kazakhstan loaned £21.7m for heat meters in homes

Kazakhstan has received a $27 million (£21.7m) loan to install heat meters in residential buildings. The finance from the European Bank for Reconstruction and Development (EBRD) is intended to continue supporting the nation’s goal to improve its energy efficiency and sustainability credentials, known as the ‘green economy’ strategy. Kazakhstan is a country of extreme temperatures – freezing winters can drop to […]

Green Deal loan to continue in new hands

The Green Deal Finance Company has been bought out by two sustainability-focused finance firms. Greenstone Finance and Aurium Capital Markets yesterday announced the acquisition of the business behind the Green Deal loan scheme, which provided households with accessible financing to improve their homes with energy efficiency measures. These loans will continue to be offered and upheld under […]

Jordanian solar array secures $71m loan

A new solar array in Jordan has secured $71 million (£58.15m) in loans. Global solar developer Fotowatio Renewable Ventures (FRV) will use the money to develop its 67MW Empire project. The European Bank for Reconstruction and Development (EBRD) and finance group Société de Promotion et de Participation pour la Coopération Economique (PROPARCO) are to provide the funds. The installation is one of four projects being […]