The European Bank for Reconstruction and Development (EBRD) together with Triodos Investment Management and FMO are providing a US$31.6 million syndicated loan to Desert Solar Power One (DSPO) to build the largest solar plant in Mongolia, standing at 30MW.
EBRD was the original seed investor in the first ever renewable energy project in the country, the Salkhit wind farm, and has financed a total of three wind farms. This will be its first utility-scale PV project to get financing in Mongolia, claimed the bank.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The syndicated financing package will consist of an EBRD A loan of US$10.5 million, a B loan from impact investor Triodos Investment Management and FMO Dutch Development Bank, which will provide US$10.5 million each.