The European Bank for Reconstruction and Development (EBRD) is considering granting a senior secured loan of up to EUR 15 million (USD 16.0m) to Photon Energy NV (<a href="https://www.gpw.pl/spolka?isin=NL0010391108" target="_blank">WSE:PEN</a>) to support its solar projects and the expansion of its virtual power plant (VPP) services unit Lerta in Romania.