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EBRD and BSTDB finance new solar plant in Ukraine

● EBRD and BSTDB to finance solar plant in Ukraine
● New 57.6MW plant will reduce CO2emissions by 40,000tonnes
● Largest EBRD and BSTDB solar project in Ukraine to date

Ukraine will increase the share of renewables in its energy mix thanks to a new solar plant in the Mykolaiv region in the south of the country financed by the EBRD and the Black Sea Trade and Development Bank (BSTDB). The 57.6MW plant will be the EBRDs and the BSTDBs largest solar project in the country to date.
Both lenders are financing the construction of the solar plant with parallel loans of EUR19.1million each will be provided by the EBRD and the BSTDB to a specially created project company Ingulets Energo- 2LLC. Upon the completion the new plant will be generating at least 65,000MWh of renewable energy per year and help reduce annual CO2emissions by approximately 40,000tonnes.
The investment is implemented under the EBRDs 250million Ukraine Sustainable Energy Lending Facility III (USELF III) framework.
The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost EUR13.1billion across some 418projects in Ukraine.
BSTDBs cumulative portfolio in the Black Sea region includes 365approved operations in the key sectors of infrastructure, energy, transport, manufacturing, telecommunications, finance and other areas, totalling about EUR5billion.


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