EBRD grants loan for construction of three solar power plants in Ukraine

EBRD grants loan for construction of three solar power plants in Ukraine

The European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) granted a loan worth EUR 25.9 million to KNESS Group for the construction of three solar power plants in Vinnytsia region.

This is said in the report by the KNESS GROUP company, which is available to Ukrinform.

"The EBRD and the Clean Technology Fund (CTF) have provided the KNESS Group with a loan of up to EUR 25.9 million under the Ukraine Sustainable Energy Lending Facility (USELF). Photovoltaic stations will be constructed in Vinnytsia region, namely in Illinets (10.87 MW), Tulchyn (11.42 MW) and Pohrebyshche (11.6 MW) areas. Total installed capacity of the three plants will be 33.9 MW. This renewable facility will significantly contribute to the reduction of CO2 emissions (c. 37 500 tons per year)," the report reads.

The KNESS GROUP and the EBRD signed the relevant loan agreement on March 2.

About 350 jobs will be created during the construction period. The construction of the stations is planned to be completed by the end of 2018.

The implementation of this project will make a significant contribution to ensuring Ukraine's energy security and reducing dependence on energy imports.

This project is the 13th project financed under USELF bringing the total renewable capacity supported by the Bank and the CTF to over 150 MW across all type of technologies.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: