Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTTIRANA (Albania), December 17 (SeeNews) – The Nordic Investment Bank (NIB) and the Black Sea Trade and Development Bank (BSTDB) have agreed a 50 million euro ($55.7 million) loan programme to finance environmental projects in the Black Sea region and Southeast Europe, the NIB said.
“The funds of the 10-year loan facility will be used to finance environmental projects and investments that contribute to sustainable development and climate change mitigation, such as renewable energy and clean public transport projects, in the BSTDB’s region of operation,” the NIB said in a statement on Monday.
This is the fourth loan programme signed between NIB and BSTDB.
“We have a long-standing relationship with the BSTDB, having collaborated on environmental finance and climate change mitigation since 2004. We value this cooperation, as it allows us to contribute to sustainable growth in the countries beyond our own member region,” NIB president and CEO, Henrik Normann, said.
BSTDB was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. The bank supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries.
NIB is owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
($ = 0.89767 euro)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST