ebrd

The European Bank for Reconstruction and Development (EBRD) is providing a US$28.5 million loan for a 50MW solar project in Egypt’s Aswan Province, which is being constructed by Saudi-based firm Alfanar Energy.

The European Bank for Reconstruction and Development (EBRD) and French financial company Proparco are set to help Egypt make major strides in the development of its renewable-energy sector.

The European Bank of Restructuring and Development (EBRD) is financing a second solar park in Kazakhstan following the 50MW Burnoye Solar 1 established in April 2014.

Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.

Utility-scale solar projects totalling 750MW could receive support from the European Bank for Reconstruction and Development.

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has closed US$180 million of financing for two PV projects in northern Jordan.

Two major financing institutions are providing parallel loans totalling US$71 million to Jordan-based firm Al Ambaratouria LL Taka Al Shamsia, which is owned by Fotowatio Renewable Ventures (FRV), to construct a 67MW solar project.

ACWA Power has closed financing on a 60MW project in Jordan.

The European Bank for Reconstruction and development (EBRD) may provide US$26 million debt financing for Indian firm ACME Cleantech to develop a 29MW solar PV project in the Zhambyl region of Southern Kazakhstan.

European Bank for Reconstruction and Development agrees to major funding of FRV's winning bid in Jordan's recent Round 2 PPA tender for solar energy production.