EBRD finances new solar project in Ukraine

EBRD provided EUR 5.6 million financing to Rengy Development for the construction of 5 MW solar power plant in Vinnytsa region operated by Rengy Tomashpol project company. Financing package consists of EUR 3.8 million loan of EBRD with 6 years term and EUR 1.6 million loan from the Clean Technology Fund with 10 years term.

Last year EBRD provided EUR 5.7 million financing to another Rengy’s solar project – 4.5 MW solar power plant operated by the project company GreenAgroService. Both projects have been financed by EBRD in th framework of Ukraine Sustainable Energy Lending Facility (USELF) program.

Official EBRD press release is available at http://www.ebrd.com/pages/news/press/2013/130425.shtml