EBRD provided EUR 5.6 million financing to Rengy Development for the construction of 5 MW solar power plant in Vinnytsa region operated by Rengy Tomashpol project company. Financing package consists of EUR 3.8 million loan of EBRD with 6 years term and EUR 1.6 million loan from the Clean Technology Fund with 10 years term.
Last year EBRD provided EUR 5.7 million financing to another Rengy's solar project – 4.5 MW solar power plant operated by the project company GreenAgroService. Both projects have been financed by EBRD in th framework of Ukraine Sustainable Energy Lending Facility (USELF) program.