Greece: European Bank to Finance Renewable Energy Projects

EBRD adopts €300 million renewable energy framework for Greece (News Release)

(Courtesy Ν. Andritsos, et al)

In a major step towards strengthening the green economy in Greece the European Bank for Reconstruction and Development (EBRD) Board of Directors has approved a framework committing up to €300 million to finance renewable energy investments in the country.

The facility will finance investments in electricity generation from renewable sources and in electricity distribution and transmission capacity to improve efficiency, reduce losses and enable the integration of renewables into the grid.

The EBRD’s new framework will focus on mobilising much-needed investment and commercial financing to support Greece exploit its huge potential for renewables, including solar, wind, biomass and geothermal power.

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