ADB provides $11.5 million for 50 MW PV project in Kazakhstan
The Asian Development Bank has signed an agreement to finance a project in the south of the central Asian nation.
Developers in the dark over reported 25% hike in Benban investment costs
The association that represents developers operating at the 1,465 MW solar project in Egypt – due for completion in June – say they have been told nothing about a rumored rise in investment costs caused by more expensive construction materials.
Development banks unlock €38 million for Ukrainian PV plant
Black Sea and European lenders have loaned €19.1 million each to a 57 MW solar plant in southern Ukraine, as the country scrambles to renew its electricity sector. The EBRD is committed to lending €250 million to renewables projects in Ukraine to help the country to meet its 11% clean energy target for 2020.
EBRD helps Ukraine switch to auctions
The European Bank for Reconstruction and Development is seeking consultants to support Ukrainian authorities in setting new renewable energy targets and to give advice on how to shape the procurement process for large-scale renewables projects.
First EBRD-financed slice of Benban project comes online
The 30 MW plant was developed by a consortium led by Infinity Solar Energy SAE – an Egyptian developer operating in Africa and the Middle East – with Germay’s ib vogt, investment vehicle MMID and private equity firm BPE Partners.
100 MW Saran solar park commissioned in Kazakhstan
The SES Saran solar project is in the Karaganda region. The project was financed by the European Bank for Reconstruction and Development and built by German developer Goldbeck.
EBRD turns to carbon pricing for future project assessments
The European development bank will amend its methodology to determine the financial viability of energy projects. Putting a price on the environmental and societal effects of air pollution, the EBRD is likely to funnel more funds into renewables.
First private PPA for utility-scale solar in Egypt is signed
The 25-year agreement relates to a 6 MW solar plant that will meet up to 4% of the electricity demand of a facility owned by the Arabian Cement Company, in Egypt’s Suez governorate. The project is being financed by local bank QNB AlAhli under the EBRD’s Green Economy Program.
EBRD urges Western Balkans to replace 18 GW of coal with renewables
The EBRD has released a brief urging Western Balkan countries to both replace their aging lignite coal generation capacity with renewables, and to rethink their 18 GW plans for new coal capacity. While the region offers favorable conditions for various types of renewable generation, it has been slow on the uptake to date.
EBRD inks loan agreement for 100 MW in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) and Joachim Goldbeck Holding GmbH have joined forces for the construction of a 100 MW in the Karaganda region of Kazakhstan.
