The EBRD will not make new loans for solar projects until the Rada approves an electricity auction system

Wednesday, November 21, 2018
The EBRD will not make new loans for solar projects until the Rada approves an electricity auction system

The EBRD will not make new loans for solar projects until the Rada approves an electricity auction system, Olga Yeriomina, a senior banker for EBRD’s power and energy projects, tells the forum. The EBRD is allocating up to $4 million to help Ukraine develop the infrastructure for auctions. She said that a EUR 250 million EBRD fund for renewable energy projects is almost used up. No decision has been made on new loans to wind projects.

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