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EBRD finances major biogas project in Ukraine

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The European Bank for Reconstruction and Development (EBRD) is financing a programme of up to €7,1 million to construct and bring into operation a 2.25 MW biogas plant.

The plant will generate electricity to be sold to the national grid at the agreed “green” tariff.

Through this project the Bank will continue to promote renewable energy generation in Ukraine, which is increasingly important for the country’s energy security.

The financing for the biogas project is part of the Ukraine Sustainable Energy Lending Facility (USELF) – an investment facility of €140 million designed to provide finance to private local enterprises wishing to invest in small renewable energy projects in Ukraine. 

Source: EBRD press release  2 July 2014