{"id":38816,"date":"2019-07-02T21:18:35","date_gmt":"2019-07-02T19:18:35","guid":{"rendered":"https:\/\/csregypt.com\/?p=38816"},"modified":"2019-07-04T11:36:10","modified_gmt":"2019-07-04T09:36:10","slug":"ebrd-extends-e19-7-m-loan-to-finance-ukraines-55-4-mwp-solar-plant","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ebrd-extends-e19-7-m-loan-to-finance-ukraines-55-4-mwp-solar-plant\/","title":{"rendered":"EBRD extends \u20ac19.7 m loan to finance Ukraine’s 55.4 MWp solar plant"},"content":{"rendered":"
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The European Bank for Reconstruction and Development (EBRD) approved extending a \u20ac19.7 million loan to finance Ukraine’s 55.4 MWp solar plant.<\/div>\n
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The new facility will be constructed, operated and owned by Scatec Solar ASA, a Norwegian solar developer. Additional funding will be provided by Swedfund International AB, the Swedish Government’s development financier, and the Nordic Environment Finance Corporation (with loans of \u20ac10.0 million and \u20ac5.0 million, respectively.<\/p>\n

The new solar plant is expected to be operational in 2020 and will reduce the amount CO2<\/sub> emissions by more than 36.000 tons per year. It is already the third project of Scatec in Ukraine after a 47MWp project Mykolaiv and av30MWp plant in Kamianka, which were also EBRD supported.<\/p>\n

Scatec\u2019s expansion demonstrates the potential for renewable source of energy in Ukraine. An increase of their share in the country\u2019s energy mix serves also to reduce the dependency of fossil and nuclear fuels for the generation of energy.<\/p>\n

The new solar project is also the fifth investment under the EBRD \u20ac250 million Ukraine Sustainable Energy Lending Facility III since its approval in July 2018. The two previous programs co-financed by the EBRD and the Clean Technology Fund delivered 14 renewable energy projects in Ukraine with an aggregate installed capacity of 158 MW.<\/p>\n

The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost \u20ac12.1 billion across some 400 projects in Ukraine. Almost \u20ac1 billion was invested in 25 projects in Ukraine\u2019s power sector.<\/p>\n<\/article>\n

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The European Bank for Reconstruction and Development (EBRD) approved extending a \u20ac19.7 million loan to finance Ukraine’s 55.4 MWp solar plant. The new facility will be constructed, operated and owned by Scatec Solar ASA, a Norwegian solar developer. Additional funding will be provided by Swedfund International AB, the Swedish Government’s development financier, and the Nordic […]<\/p>\n","protected":false},"author":410,"featured_media":38817,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6030],"tags":[6275],"yoast_head":"\nEBRD extends \u20ac19.7 m loan to finance Ukraine's 55.4 MWp solar plant - Csr Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/ebrd-extends-e19-7-m-loan-to-finance-ukraines-55-4-mwp-solar-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD extends \u20ac19.7 m loan to finance Ukraine's 55.4 MWp solar plant - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) approved extending a \u20ac19.7 million loan to finance Ukraine’s 55.4 MWp solar plant. The new facility will be constructed, operated and owned by Scatec Solar ASA, a Norwegian solar developer. 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