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EBRD set to provide loan to Novoazovskiy Wind Park
14.02.2012 09:17 "Agro Perspectiva" (Kyiv) —
The financing will enable the borrower to complete construction and commission additional 32.5 MW capacities at the existing wind farm located in Donetsk region. It will use proven technology supplied by Fuhrlander, a well known German manufacturer. The EBRD intends to utilise Clean Technology Fund (CTF) support for this project in the form of a senior loan with possible concessional elements, depending on further financial analysis, to support the development of a market for large-scale wind technology in Ukraine. The project total value is EUR 95.2 million. The loan makes EUR 33.3 million, supplemented by a loan of up to EUR 15.5m from the CTF. It is to be reminded, in March 2011 Novoazovskiy Wind Park obtained a 20-year license to produce electric power. LLC Novoazovskiy Wind Park is a special purpose Company incorporated in Ukraine.
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