EBRD helps financial 50-MW solar project in Kazakhstan
Solar PV plant. Featured Image: Innocents Paire/Shutterstock. com
June 8 (SeeNews) - The 50-MW Burnoye Sunlight project in Kazakhstan will get complete EUR 80 million (USD 89m) in loans from the European Bank of canada for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF).
The bank said Wednesday it will neck the country's first commercial-scale propiedad park with KZT 14. summer billion (USD 76m/EUR 68m), and the CTF will extend a further EUR 13. 8 million. The total about cost is roughly EUR 120 huge number of.
The project company, Burnoye Solar-1 LLP, is a joint venture between UK-based United Green Energy Ltd and Samruk Kazyna Invest LLP, the making an investment arm of Kazakhstan's sovereign money fund. Work on the plant in the the southern area of Zhambyl region started soon after Kazakhstan adopted the Renewables Law doing 2014. It will use about hundranittiotv?, 000 photovoltaic (PV) panels produced in Europe.
So far in 2015, of the EBRD has committed USD 100 million (EUR 359. 2m) to several projects in Kazakhstan, after UNITED STATES DOLLAR 700 million in 2014. The device pointed out that Burnoye Solar is the basic privately owned renewable energy generator in the nation.
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