Featured in TOP notch – 03-2022

New funds, support for Central Asian renewables

Developers have been eyeing the potential for large-scale solar development in Central Asia for a number of years, but a significant project pipeline has been slow to materialize. Fortunately, conditions are now improving, as Amsterdam-based pension fund investor ILX is partnering with the European Bank for Reconstruction and Development (EBRD) on a new fund, according to the EBRD’s head of loan syndications, Christian Kleboth, and Gianpiero Nacci, a director on the EBRD’s Green Economy and Climate Action team.

By

Jonathan Gifford

08 Mar 2022

The EBRD’s head of loan syndications, Christian Kleboth, and Gianpiero Nacci, a director on the EBRD’s Green Economy and Climate Action team | Image: EBRD

In February, the EBRD announced a new €500 million ($566.1 million) fund for sustainable development projects in regions such as Central Asia and Europe. Why do you think this part of the world could benefit from the provision of financing for green energy projects? Gianpiero Nacci (GP): Let’s first start with a couple of considerations. …

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