London-headquartered European Bank for Reconstruction and Development (EBRD) has invested €50 million (~$58.5 million) in senior unsecured bond of GEK TERNA S.A. GEK TERNA, a Greek holding company operating in the sectors of energy, concessions, and construction, raised a €500 million (~$585 million) seven-year tenor senior unsecured bond. As per EBRD, the proceeds from its investment were used for renewable energy generation, BESS, water management, and social infrastructure projects across Greece, Romania, Albania, and Kosovo. The funds were also applied toward infrastructure expansion, debt refinancing, and issuance-related expenses. GEK TERNA has introduced programs to enhance gender inclusion and workforce participation through targeted education and internship initiatives. EBRD has stated that the investment has strengthened its collaboration with GEK TERNA and supported Greece’s capital markets and renewable infrastructure development across Southeast Europe. Earlier this year, KESH has secured EBRD and EU funding for a 50 MW solar plant in Belsh, Albania, advancing its prior floating solar projects.
EBRD supports GEK TERNA’s renewable and infrastructure bond in Greece
A €50 million investment by the EBRD in GEK TERNA’s €500 million bond financed renewable energy, BESS, and infrastructure projects across Greece and Southeast Europe.
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