News
07 June 2018
EBRD supports China's Risen Energy expansion in Kazakhstan
In:
Renewable energy
Region:
Asia-Pacific
The European Bank for Reconstruction and Development is teaming up with China's Risen Energy, a new investor in Kazakhstan's renewable energy sector, for the construction of a new 40MW solar plant in the Karaganda region of the country.
The financing package arranged by the EBRD includes a local currency loan of up to $22 million in KZT equivalent, a loan of up to $5.8 million loan from the Clean Technology Fund, and up to $4.2 million loan from the Green Climate Fund.
The project will mark the EBRD’s first cooperation in the sector and in the country with a Chinese company.
