The European Bank for Reconstruction and Development (EBRD) is providing €12.2 million to construct two solar power plants in Romania’s Dolj County. The project, led by Danube Solar Five and managed by Lithuania’s INVL, aims to boost Romania’s renewable energy capacity. With a total capacity of 60 MW, the plants are part of Romania’s efforts to increase renewable energy consumption to 36.2% by 2030. The EBRD’s finance covers half of the €24.4 million bond, with Eiffel Investment Group providing the remaining €12.2 million funds.
EBRD funds €12.2 million for Romanian solar projects
EBRD funds €12.2 million for Romanian solar projects in Dolj County. (Photo Source: EBRD)
Nova Energy Limited received resource consent for Te Rahui solar farm, scheduled for a financial decision by early 2025. (Image Source: Meridian Energy)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)