The European Bank for Reconstruction and Development (EBRD) is backing one of the largest solar farms in Ukraine, it has announced.
EBRD and the Black Sea Trade and Development Bank (BSTDB) have agreed to finance the construction of the 57.6 MW solar farm, located in the Mykolaiv region.
The plant will be the EBRD’s and the BSTDB’s largest solar project in the country to date.
Both lenders are financing the construction of the solar plant with parallel loans of €19.1 million each for a specially created project company – Ingulets Energo - 2 LLC. The investment is implemented under the EBRD’s €250 million Ukraine Sustainable Energy Lending Facility III (USELF III) framework.