Serbia Holds Maiden Auction for Renewable Energy

Serbia recently conducted its maiden auction for renewable energy, for which, several bidders emerged successful. The tender witnessed 16 bids from wind and solar developers. Together, they bid for an aggregate capacity of 816 MW. Of this, 11 were valid boasting of capacity worth 739 MW. For the tender for wind energy, a quota of […]

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ACWA Power Gets $123 Million Loan For 200MW Egyptian Solar Project

Saudi Arabia’s renewables developer ACWA Power has secured a financial package of $123 million to develop 200MW Kom Ombo utility-scale solar power plant in Egypt. Financing institutions for the solar project of ACWA Power include EBRD, OPEC Fund OPEC Fund, African Development Bank (AfDB), Sustainable Energy Fund for Africa (SEFA), GCF, APICORP and Arab Bank. […]

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EBRD Lends €29 Million For Albania’s 140MW Solar Project

The European Bank for Reconstruction and Development (EBRD) has said that its lending €29 million to an Albanian special-purpose vehicle, owned by France’s Voltalia, to develop the 140 MW Karavasta solar plant. This solar power plant will come up in the Fier area of south-western Albania. The EBRD is anchoring the €99 million financing structure […]

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EBRD Loans $200 Million to Turkish Renewable Energy Developer

The European Bank for Reconstruction and Development (EBRD) is providing a loan of $200 million to Turkey’s Borusan EnBW Enerji Yatirimlari ve Uretim to help the firm strengthen its financial position and invest in renewable energy sector with gender inclusion. The funds are being provided by EBRD under a syndicated structure with the Netherlands Entrepreneurial […]

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EBRD, GCF Support 500 MW Wind Farm In Egypt; To Be Largest In Africa

The European Bank for Reconstruction and Development (EBRD) has issued a senior secured loan of up to $100 million to Red Sea Wind Energy for the development, construction and operation of a new 500 MW onshore wind farm located in the Gulf of Suez area in Egypt. The loan consists of a portion of up […]

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EBRD Steps-Up Wind Power Generation In Uzbekistan With $520 million Funding

The European Bank for Reconstruction and Development (EBRD) has announced a fresh deal to support Uzbekistan’s renewable energy through investment in low-carbon technologies to help align the country’s power-sector development with its commitments under the Paris Agreement. EBRD has said that it has arranged two syndicated loans worth $520 million to help construct and put […]

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EBRD Raises Stake in Infinity- Egypt’s Largest RE Provider

The European Bank for Reconstruction and Development (EBRD) has announced that it is increasing its equity stake in Infinity, Egypt’s largest renewable energy developer, through an additional $ 41.5 million commitment. The EBRD is already a shareholder in the company, having invested US$ 60 million in 2020. EBRD said that $41.5 million will support Infinity’s plans […]

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Galata Wind Gets $45 Million EBRD Loan For Wind Projects

The European Bank for Reconstruction and Development (EBRD) is extending up to $ 45 million in financing to Turkish firm Galata Wind Enerji AS to boost the company’s wind capacity and accelerate Turkey’s transition to a clean energy future. According to the official statement of Galata Wind, the new loan from EBRD will finance up […]

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ACWA Power, EBRD sign pact for Renewable Energy Infra Projects

Key Saudi Arabian power generator and RE player ACWA Power Company has announced that it has signed a Memorandum of Understanding to finance sustainable infrastructure projects with the European Bank for Reconstruction and Development (EBRD). The pact was announced on the side lines of the Future Investment Initiative Forum, which took place in Riyadh. The […]

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