BSTDB, EBRD could finance Ukraine wind farm
The Black Sea Trade and Development Bank (BSTDB) is considering participation in financing of construction of a wind farm in Kherson region with an installed capacity of 250MW by SyvashEnergoProm LLC, a subsidiary of Norway's NBT.
The sum of financing was not specified. According to the project, by the end of next year 67 wind turbines will be installed along the coast of the Syvash Lake. Total investment under the agreement is almost $450 million.
The European Bank for Reconstruction and Development will consider a loan worth up to €150 million for SyvashEnergoProm for the construction of the wind farm, of which up to €75 million would be funded from the EBRD resources and the remainder would be syndicated in a B-loan structure to eligible institutions.
