The EBRD is supporting SDX Energy Morocco with a loan of up to €10 million to finance the enhancement of upstream gas production and related gas transport infrastructure to Kenitra industrial zone customers, facilitating the switch away from polluting fuel oil. As a result, a reduction of 20,000 tonnes in CO2 emissions per year is anticipated.
The EBRD Board of Directors has approved an up to €500 million loan today for the construction of the Trans Adriatic Pipeline (TAP), a priority project of the European Union (EU) and the Energy Community.
To improve water and wastewater infrastructure for all of the Khujand’s population, the Bank provided a total of US$ 6.55 million in loans to the Khujand Water Company and the Swiss State Secretariat for Economic Affairs (SECO) gave US$ 12.47 million in grants.
In the Western Balkans, investments and assistance with policy reform are part of the EBRD’s toolkit to increase the sustainability of the energy sector. But what are the barriers to fully integrated regional markets in this region?
The Western Balkans Investment Summit brought together at EBRD Headquarters high-level government officials, including all six Prime Ministers, and private sector participants to discuss opportunities and challenges across the region. Regional transport connectivity featured high among the topics discussed to boost economic growth. It was also the subject of a dedicated discussion panel.
The EBRD is supporting a new 36 MW solar plant in western Ukraine as part of its commitment to making the energy mix in its countries of operations greener. The investment is made together with the Clean Technology Fund, the Bank’s partner in advancing green energy.
The EBRD and the International Maritime Organization (IMO) agreed today in London to deepen their cooperation and establish a strategic partnership to promote sustainable maritime transport.
Imagine having the power to rid the environment of the adverse effects of greenhouse gas emissions emitted by 150 cars! Well, a plastic bag producer in Morocco, Multisac, did just that.
The EBRD hit ambitious targets for climate finance well ahead of schedule in 2017 and its total annual investment reached a new record high, as the Bank delivered positive change across a growing number of emerging economies.
The EBRD is supporting the modernisation and rehabilitation of the Enguri hydro power plant, the largest electricity supplier in Georgia, with a €28 million loan.
Supporting city climate projects worth US$ 1.5 billion with Global Covenant of Mayors, EU and Bloomberg.
The European Bank for Reconstruction and Development (EBRD) will join other global development organisations in stepping up the momentum for global climate action at the One Planet climate summit in Paris on 12 December.
Continuing to support Jordan’s wind power generation, the European Bank for Reconstruction and Development (EBRD) is providing a US$ 52 million loan for the construction and operation of a 45 MW wind farm in the Shobak region, 160 km south of the capital, Amman.
The EBRD is starting work on a new energy sector strategy and inviting the public to submit contributions. Comments based on the current document should be submitted in writing no later than 1 February 2018 to firstname.lastname@example.org.
The EBRD and the European Investment Bank (EIB) are planning to support energy-efficient and renewable energy investment in Egypt through a financing package to ALEXBANK in the amount of up to US$ 30 million under the Green Economy Financing Facility (GEFF) for Egypt. The EBRD is providing a financing facility of up to US$ 15 million to ALEXBANK for on-lending to private companies for energy-efficiency and renewable energy projects. The EIB is expected to join the facility with an additional US$ 15 million in financing at a later stage and to team up with EBRD to further strengthen sustainable energy measures in Egypt.
In a significant step forward to boost green energy in Bosnia and Herzegovina, the EBRD is supporting the construction in Banja Luka of a 49 MW district-heating boiler plant fired by wood biomass, under the Bank’s Green Cities Framework.
The Yereymentau Wind Farm in Kazakhstan, a long-standing partner of the European Bank for Reconstruction and Development, EBRD, has been registered as a domestic carbon credit project under the country’s emissions trading system (ETS).