EBRD-EU agrees €50m of guarantees for renewables push

The EBRD and the EU, via its External Investment Plan (EIP), have inked a new €50 million programme of financial guarantees aimed at boosting investment in renewable energy in Ukraine and in the EU’s southern neighbourhood with a particular focus on Jordan, Lebanon and Tunisia.

This is the first EBRD guarantee programme to receive funding backed by the EU initiative, which launched in 2017 with the aim to attract more investment, especially from businesses and private investors, into countries neighbouring the EU and in Africa. The guarantee is expected to provide 340 MW of additional installed renewable energy capacity