The European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB) will be financing the new 57.6 MW solar photovoltaic project located in Mykolaiv region in Ukraine.
Both lenders are financing the construction of the solar plant with parallel loans of EUR19.1 million (US$21.71 million) each will be provided by the EBRD and the BSTDB to a specially created project company Ingulets Energo - 2 LLC. Upon the completion the new plant will be generating at least 65,000 MWh of renewable energy per year and help reduce annual CO2 emissions by approximately 40,000 tonnes.
EBRD's investment is implemented under its €250 million Ukraine Sustainable Energy Lending Facility III (USELF III) framework.
Country updates
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February 07, 2019
NBT AS to build 250 MW Syvash wind project in southern Ukraine
NBT AS and its Ukrainian subsidiary SyvashEnergoProm is set to build a 250 MW Syvash Wind Power Project in Kherson Oblast, southern Ukraine. SyvashEnergoProm has signed a EUR292 million (US...
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February 01, 2019
Danish SDG Investment Fund invests in 19.1 MW Ganska solar project of Better Energy
The Danish SDG Investment Fund has made its first investment in a 19.1 MW Ganska solar photovoltaic project of Better Energy. The Fund has committed DKK37 million (US$5.7 million) investment for...
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January 29, 2019
NBT and Total Eren raise US$175 million for largest renewable energy project in Ukraine
NBT AS and Total Eren SA have signed definitive financing agreements for the first phase of a 250 MW wind project located in the Kherson region of Ukraine, signifying the first internationally finance...
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January 13, 2019
DTEK, Vestas sign deal to build 100 MW Orlovska wind project in Ukraine
DTEK RENEWABLES has signed a deal with Vestas for the construction of the 100 MW Orlovska wind project in Ukraine. The EUR135 million (US$154.72 million) wind facility will be su...
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January 08, 2019
Scatec Solar reaches financial close for 47 MW solar project in Ukraine
Scatec Solar has reached financial close for its 47 MW solar photovoltaic project located in the Mykolaiv region in the south of Ukraine. The EUR36 million (US$41.2 million) non-recourse d...
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