The European Bank of Reconstruction and Development (EBRD) will provide a senior loan of up to US$12 million on a project finance basis to Zhangiz Solar LLP for the development, construction and operation of a new PV installation.
The European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB) are set to finance a new solar plant set to be developed in the Mykolaiv region of Ukraine.
The government of Kazakhstan’s northern region of Karaganda has announced the completion and operation of a 100MW PV project in Saran, which the government claims is the largest PV installation of its kind in Central Asia.
The European Bank for Reconstruction and Development (EBRD) is providing a €5.9 million loan to Macedonian state-owned electricity company ELEM to build a large-scale solar power plant on the site of a former lignite coal mine.
The European Bank for Reconstruction and Development (EBRD) will no longer finance thermal coal mining or coal-fired electricity generation and will focus instead on renewable energy as part of its new five-year decarbonisation energy strategy.