News
22 October 2019
EBRD invests €18m in Terna Energy's green bond
In:
Renewable energy, Traditional energy
Region:
Europe
The European Bank for Reconstruction and Development is stepping up its efforts to support renewables in Greece by supporting Terna Energy with an €18 million investment in the company's issuance of a seven-year €150 million green bond.
The funds will finance additional investments in renewable energy projects in Greece. The projects will also contribute to the country’s target of increasing the share of renewable energy to 35% of its total energy consumption by 2030.
Terna Energy is the largest wind-electricity producer in Greece, with 1,512MW of renewable energy power plants in operation or under construction, primarily wind farms, located in Bulgaria, Greece, Poland and the US.
