Renewable

December 12 (Renewables Now) - The European Bank for Reconstruction and Development (EBRD) is to support wind projects in Poland and Ukraine with a combined capacity of 329.5 MW.

Over the past few days the bank released Project Summary Documents (PSDs) on its website about the two developments. In Ukraine, the EBRD is reviewing an application by Dnepro-Bugsky Wind Power Station LLC to back a 110-MW project in the village of Oleksandrivka, the Kherson region. This scheme is being developed under EBRD's Ukrainian Sustainable Energy Lending Facility III (USELF III) and its total cost is estimated at EUR 188.6 million (USD 214m).

Status of the loan: Concept Reviewed
Target board date: March 13, 2019

In Poland, the bank will provide a senior long-term loan to finance the development, construction and operation of the 219.5-MW Potegowo wind farm. The plant was developed by Winergy Management and will be built and operated by Potegowo Winergy, which is owned by the Israel Infrastructure Fund (IIF), Cerac SA and Helios Energy Investments. Construction has already begun and the plant is expected to be completed by mid-2020.

Status of the loan: Passed Concept Review, Pending Structure Review
Target board date: January 30, 2019

(EUR 1.0 = USD 1.134)