Ukraine to Build Its Largest Ever Wind Farm

Ukraine is to build its largest ever wind farm. The European Bank for Reconstruction and Development (EBRD) has issued a loan of €150 million (£130m) to the country for the construction. Upon completion, the 250MW project will generate enough renewable electricity to power around 100,000 houses, while also reducing carbon …

More than 30,000 Ukrainian Homes Go Energy Efficient

More than 30,000 Ukrainian households have benefitted from the European Bank for Reconstruction and Development’s (EBRD) energy efficiency programme. The Residential Energy Efficiency Financing Facility has now invested a total of UAH1 billion (£27m) into energy-efficient home improvements – this has enabled homeowners to take out loans, with many expected …

Croatian Firm Lent €130m for Efficient Heat and Power Units

A Croatian energy company has been granted loans totalling €130 million (£116m) for new electricity and heat co-generation units. HEP will replace outdated oil and gas-fired turbines and boilers with modern, efficient and environmentally friendly systems in the capital city of Zagreb. The capacity of the two combined cycle gas …

Thomas LUBECK, IFC: Tailwinds to the Financial Market

International Finance Corporation – IFC, one of the five members of the World Bank Group, is the world’s largest institution that encourages economic development by investing in the private sector in emerging markets. Serbia became a shareholder and a member of IFC in 2001 by purchasing a small package of …

ENGIE To Develop 55 Megawatt Mongolian Wind Farm With EIB Investment

French utility ENGIE has announced that it will develop and operate its first renewable energy project in Mongolia, the 55-megawatt Sainshand wind farm, which will also benefit from $120 million in financing from the European Investment Bank. Normally there’s a threshold on the size of projects that we cover here …

EBRD Offers $458 Million In Loans For 750 Megawatts Of Solar Projects In Egypt

The European Bank for Reconstruction and Development (EBRD) has offered more than $450 million to various project developers planning to set up utility-scale solar power projects in Egypt. The Bank has offered loans worth $458 million to a total of 16 project developers that represent 750 megawatts of capacity. The …