$200 million earmarked for green projects in Lebanon
The European Bank for Reconstruction and Development (EBRD) yesterday unveiled details for Lebanon’s first Green Economy Financing Facility (GEFF), the largest thus far in the bank’s Southern and Eastern Mediterranean region (SEMED). The GEFF program is set to address key issues of energy security, efficiency and sustainability for the Middle Eastern country.
EU provides €6m lending facility for Albanian energy efficiency measures, including PV panels
The owners of private buildings will be eligible to borrow for measures including solar panels and insulation, with the funds to be distributed by the domestic Union Bank.
EBRD loan for 28 MW solar project in Kazakhstan
The European Bank of Redevelopment and Construction (EBRD) will provide financing for an up to 28 MW solar PV park, to be developed by Nomad Solar in Kazakhstan.
Moldova plans to hold RE auctions in 2019 and 2020
The eastern European nation is being assisted by the European Bank for Reconstruction and Development with the creation of tender documentation for renewable energy auctions.
Renewables are now the cheapest source of energy, says EBRD
Announcing its participation at the FT Climate Finance Summit in London, the bank says that through targeted financial commitments, increasing competition and progressive policy changes, prices for renewable energy resources have come down to US$0.025/ kWh in Egypt and Jordan, for example. The bank calls for a change in investment practices to further this development.
Akfen Renewable Energies to receive $363 million loan for PV & wind projects
Turkey’s Akfen Renewable Energies this week signed a new $363 million loan with six international and Turkish banks, to build 327 MW of new solar and wind power capacity.
Turkey: 30 MW of licensed capacity under construction
Turkey has tendered 600 MW of PV capacity, very little of which has been installed to date. A new 30 MW solar PV project, however, is currently under construction.
Enerray and Suntech ink contract for supply of 116 MW of modules for Benban
Italian developer Enerray is progressing three PV plants in Egypt’s Benban complex. The modules will be supplied by the Chinese manufacturer
Serbia to switch from FIT to feed-in premiums and auctions
With its feed-in tariff program set to expire at the end of the year, Serbia will be looking to introduce new mechanisms to support renewables in the form of feed-in premiums and auctions. The country’s PV uptake is still in its nascent stage however, with abundant regulatory obstacles still in place
Mongolia’s largest PV power plant financed by EBRD & partners
The European Bank for Reconstruction and Development (EBRD) and investment partners will provide a $30.7 million syndicated loan to finance a 30 MW power plant, which EBRD says will be the first large-scale solar installation built in Mongolia.
