Business news from Ukraine

EBRD ORGANIZES EUR 6.9 MLN FINANCING FOR RENGY DEVELOPMENT TO BUILD SOLAR POWER PLANT IN VINNYTSIA REGION

15 August , 2016  

KYIV. Aug 15 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) and Clean Technology Fund (CTF) have provided EUR 6.9 million to Rengy Sarata LLC (part of Rengy Development, Kyiv) to build a solar power plant with a capacity of 9.5 MW in Vinnytsia region, EBRD Senior Communications Adviser Anton Usov has wrote on the Facebook page.

“EBRD and CTF have provided a loan of EUR 6.9 million to Ukrainian developer Rengy Sarata LLC to design, build and exploit a solar power plant with a capacity of 9.5 MW to be located in Sharhorod near Vinnytsia. Since 2012, this is the third successful [and the largest project] of the EBRD with Rengy Development,” he said.

As reported, earlier Rengy Development has built solar power plants with an installed capacity of 4.5 MW and 7 MW in Tomashopil and Bershad districts of Vinnytsia region.