EBRD Finances Bulgaria’s Largest Merchant Solar Plant to Boost Green Energy
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria. The project will produce over 300 GWh of electricity annually and help reduce carbon emissions by 250,000 tonnes per year. The total financing package for the project amounts to 103 million euros, with 53 million coming from Raiffeisen Bank International.
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