EBRD partially finances construction of 110 MW Dnipro-Buzka WPP

According to INTERFAX-UKRAINE as of 11 July 2019, in the framework of USELF-III – EUR 250 mln program to support development of renewable energy in Ukraine, EBRD will partially finance construction of 110 MW Dnipro-Buzka WPP in Oleksandrivka (Kherson Region).

Respective decision was taken by the Board of Directors of the Bank on 10 July 2019.

Funds will be provided as project financing for the SPV – LLC Dnipro-Buzka WPP owned by three sponsors – Akuo Energy SAS (France), Saffelberg Investment NV and Aeolus Invest NV (both from Belgium) dealing with the project from development to operation.

The total cost of the project is estimated as EUR 188.64 mln. The project consists of 25 facilities with a rated capacity of 4.4 MW each.

IMEPOWER experts support the project, providing consultancy and legal services to Akuo Energy SAS (France).