| Project Detail |
Location:
Ukraine
Project number:
54756
Business sector:
Energy
Notice type:
Private
Environmental category:
B
Approval date:
04 Dec 2024
Status:
Concept Reviewed
English-language PSD published:
30 Oct 2024
Project Description
The project involves a long-term senior loan to Wind Power GSI Volyn LLC and Wind Power GSI Volyn 3 LLC, special purpose companies incorporated in Ukraine. The loan proceeds will finance the construction and operation of a 147 MW wind power plant in Ukraine.
Project Objectives
The Project will strengthen Ukraines energy resilience by constructing a 147 MW wind power plant, the first greenfield private project in Ukraines power sector financed by EBRD since the beginning of the war. With significant power generation capacity of Ukraine destroyed as a result of the war, this investment is crucial to address the severe energy shortfall, support Ukraines decarbonization goals, and boost the private sectors role in further development of the renewable energy sector in the country. |
