ebrd

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.

Germany-based EPC firm Phoenix Solar is to build a 10.2MW grid-connected solar PV plant in Elazig in eastern Turkey, which will be the first licensed project in the country.