| 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. |
