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In recent years the EBRD has significantly increased its financing for wind projects, hydro power, biomass and solar projects in many countries and thus contributed significantly to the reduction in CO2 emissions of the power sector.
Renewable energy still accounts for a relatively small share in the energy mix of most of the countries where the EBRD invests. Developments in this area have lagged behind in part because of weak institutional and regularity frameworks but also because of the high specific investment costs per kW installed and the low tariffs prevailing in many countries.
The EBRD aims to support its regions in tackling this challenge by providing project finance, offering technical assistance, and supporting governments in developing and shaping regulatory frameworks that support investments in renewable energy projects.
Last updated 2 May 2013
The first EBRD investment in solar energy will see €5.7 million go towards the construction of a 4.5 MW solar plant in the south of Ukraine.