EBRD announced a € 60 M Loan to support Bulgaria’s Renewable Energy Program

 

The European Bank for Reconstruction and Development announced a loan of € 60 Million to increase the share of renewable energy sources in Bulgaria’s energy mix.

The syndicated loan was granted to Eolica Bulgaria to finance the construction of a wind farm close to the Eastern Bulgarian town of Suvorovo, appr. 25 km inland from the Black Sea coast. The wind farm will consist of 30 wind turbines with an estimated capacity of 60 MW. The project is expected to go into operation at the end of 2010.

This is the second wind farm project in Bulgaria financed by EBRD. In 2008 EBRD and the International Financial Corporation provided a € 198 Million investment for the construction of the St. Nikola wind farm.

Source: http://www.novinite.com/view_news.php?id=112038

 

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