After releasing the guidelines for the grid integration of distributed generation power generators in February, the Energy Community Secretariat has now provided new instructions to help governments of southeastern European countries launch auction mechanisms to support large-scale solar and renewables.
Three of the world’s leading development finance institutions (DFIs) commit US$424.5 million of investment in green bonds, specifically for developing markets.
The Ukraine-based developer has been granted two different loans from the European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF). The three solar plants will be located in the Vinnitsa region of western Ukraine.
The European Bank for Reconstruction and Development drastically increased its climate financing last year, with the €4.1 billion invested in the green economy representing 43% of the bank’s entire activity last year.
The authority has issued two invitations for the prequalification of two solar projects, with a capacity of 6 MW and 24 MW, respectively, that are planned to be built at two water stations.
France-based Urbasolar SAS has attracted around US$12.7 million in funding for its planned 14 MW solar PV project in Kazakhstan.
The European Bank for Reconstruction and Development (EBRD) and the country’s Ministry of Energy are now seeking consultants for the implementation of the competitive bidding process.
The European Bank for Reconstruction and Development is providing a US$22 million shot in the arm for a 50 MW solar power plant in the Risha region developed by Saudi ACWA Power. The bank has also announced plans to invest up to $100 million to back development of the green bond markets, and pledged its support to city climate projects allocating over $500 million with an eye to scaling up green urban financing.
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
Norwegian project developer Scatec Solar has announced financial close on six projects totaling 400 MW, to be built as part of the enormous 1.8 GW Benban Solar Park located in upper Egypt.
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