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EBRD newsletter - Friday 30 April

EBRD newsletter - Friday 30 April EBRD “baby” UiPath smashes Wall Street The Romanian software company UiPath broke records this week with the most successful listing on the New York Stock since Spotify, according to the Economist. UiPath managed to raise $1.3bn in an initial public offering. This valued it at around $30bn. When first plans for the company were made in a living room in Bucharest in 2015 and the founders needed capital the EBRD stood ready to offer its support through the Earlybird Digital East Fund. As the world commemorated the 35 th anniversary of the Chernobyl nuclear accident this week, a new EBRD-managed decommissioning fund held its first assembly meeting. EBRD President Odile Renaud-Basso and Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA) opened the meeting of the International Chernobyl Co-Operation Account (ICCA) assembly with a joint declaration pledging continued support for the decommissioning of th

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EBRD funds floating solar plant in Albania

Utility company KESH secures €9.1 million loan from European bank for new floating solar photovoltaic plant

Vaui dejesQarku shkoderKorporata elektroenergjitike shqiptareFrancesco corboBesjan kadiuTechnical cooperation fundEuropean bankWest balkansWestern balkansபிரான்செஸ்கோ கார்போதொழில்நுட்ப ஒத்துழைப்பு நிதிஐரோப்பிய வங்கி

EBRD finances 12 9MW floating solar project in Albania

EBRD finances 12.9MW floating solar project in Albania Image: EBRD. A 12.9MW floating PV plant is set to be deployed at a hydropower reservoir in Albania thanks to a loan provided by the European Bank for Reconstruction and Development (EBRD). Structured as a project finance loan and provided on a commercial basis, the €9.1 million (US$10.7 million) loan will be provided to a special-purpose vehicle established by state-owned utility Korporata Elektroenergjitike Shqiptare (KESH). According to EBRD, the funding will enable the development of the first floating PV project of its size in the Western Balkans, making KESH more resilient to climate-induced risks in relation to hydrology and seasonality.

Korporata elektroenergjitike shqiptareFrancesco corboOcean sunEuropean bankWestern balkansபிரான்செஸ்கோ கார்போகடல் சூரியன்ஐரோப்பிய வங்கி

PV - ERBD Finances Floating Solar Project in Albania - Renewable Energy Magazine, at the heart of clean energy journalism

PV - ERBD Finances Floating Solar Project in Albania - Renewable Energy Magazine, at the heart of clean energy journalism
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Qarkui durresitKorporata elektroenergjitike shqiptareFrancesco corboTechnical cooperation fundEuropean bankFloating solar projectKorporata elektroenergjitikeWest balkansWestern balkansபிரான்செஸ்கோ கார்போதொழில்நுட்ப ஒத்துழைப்பு நிதிஐரோப்பிய வங்கிமிதக்கும் சூரிய ப்ராஜெக்ட்

EBRD supports KESH s first floating solar photovoltaic plant in Albania

EBRD supports KESH s first floating solar photovoltaic plant in Albania EBRD supports KESH s first floating solar photovoltaic plant in Albania First medium-sized, floating solar photovoltaic plant in Albania and Western Balkans Innovative market-based funding model Albania is making rapid progress with its plans to meet renewable energy targets, with the construction of a 12.9 MW floating solar photovoltaic (PV) farm thanks to a €9.1 million loan provided by the European Bank for Reconstruction and Development (EBRD). The farm will be the first floating solar plant of this size in Albania and the Western Balkans. The plant will be built on the Vau i Dejës hydropower plant reservoir, which is managed by Korporata Elektroenergjitike Shqiptare (KESH). It represents a breakthrough in innovative green technology, using Albania’s rich solar resources while avoiding the use of scarce land.

Qarkui durresitKorporata elektroenergjitike shqiptareFrancesco corboBesjan kadiuTechnical cooperation fundEuropean bankWest balkansWestern balkansபிரான்செஸ்கோ கார்போதொழில்நுட்ப ஒத்துழைப்பு நிதிஐரோப்பிய வங்கி