Acwa Power receives funding for the construction of its Kom Ombo solar photovoltaic power plant (200 MWp) in Upper Egypt. The European Bank for Reconstruction and Development (EBRD) has lent $54 million. The European Bank for Reconstruction and Development (EBRD) is supporting the construction of the Kom Ombo solar photovoltaic power plant in Upper Egypt. […]
Spending to counteract coronavirus creates chance to “tilt to green”
Green economy will need nurturing through government policy, say EBRD economists The coronavirus crisis has diverted attention away from climate change mitigation, but the latest report by EBRD economists says efforts to counteract the Covid-19 pandemic create an opportunity to “tilt to green” the large-scale recovery spending being pledged, making it a key accelerator towards […]
EGYPT : $183M from EBRD to Strengthen electricity grid for renewable energy inflows
The European Bank for Reconstruction and Development (EBRD) has decided to lend $183 million to the Egyptian Electricity Transmission Company (EETC), a state-owned company. The appropriation is intended to finance the modernisation of the electricity grid by injecting renewable energy . Egyptian Electricity Transmission Company (EETC), the company that provides the electricity utility, receives funds […]
EBRD Invests in TERNA ENERGY Green Bond
The EBRD is stepping up its efforts to support renewables in Greece by supporting TERNA ENERGY with an EUR 18 million investment in the Greek company’s successful issuance of a seven-year EUR 150 million green bond. The funds will finance additional investments in renewable energy projects in Greece. The projects will also contribute to the […]
AIIB, EBRD and BSTDB co-finance expansion of Turkey’s largest geothermal plant
Three major development banks are helping Turkey diversify its energy mix with an investment adding close to 100 MW in capacity to EFELER, the country’s largest geothermal power plant. The Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB) are contributing to […]
EBRD looks to boost equity investments in Egypt
CAIRO : The European Bank for Reconstruction and Development (EBRD) expects to keep investments in Egypt at over 1 billion euros this year, boosting its equity portfolio through a delayed privatisation programme, its regional director said. The bank intends to participate in an expected share offering for state-run Alexandria Container and Cargo Handling Company, among […]
EBRD buys stake in renewable arm of Turkey’s IC Holding
EBRD invests US$ 100 million in stake of IC Holding’s renewable energy arm Transaction is further boost to Turkey’s renewable energy sector Bank looks forward to highly anticipated renewable support policy to unlock new financing In a new boost to Turkey’s renewable energy sector, the EBRD is investing US$ 100 million in a stake of Ictas […]
EBRD buys stake in renewable arm of Turkey’s IC Holding
EBRD invests US$ 100 million in stake of IC Holding’s renewable energy arm Transaction is further boost to Turkey’s renewable energy sector Bank looks forward to highly anticipated renewable support policy to unlock new financing In a new boost to Turkey’s renewable energy sector, the EBRD is investing US$ 100 million in a stake of Ictas […]
EBRD to provide $55 million loan for Polish wind energy farm
The 220 megawatt (MW) Potegowo wind farm in north-eastern Poland is expected to cost around 1.25 billion zloty LONDON: * The European Bank for Reconstruction and Development (EBRD) said it will provide a loan of up to 209 million zloty ($55 million) for a wind farm in Poland * The 220 megawatt (MW) Potegowo wind farm in north-eastern Poland is […]
EBRD to spend more on Polish green-energy projects this year
Since winning a general election in 2015, Poland’s ruling Law and Justice party, which sees renewable energy source as unstable, had introduced laws on wind farms that have made many of them unprofitable WARSAW: The European Bank for Reconstruction and Development plans to increase its funding for Poland’s renewable energy this year, after the government […]