UKRGASBANK finances the construction of solar power plant in Odesa region

Ukrgasbank has provided a Green Loan with total amount of EUR 2.1 million for the construction of solar (photovoltaic) power plant in Odesa region, Izmail district, Suvorove village.

The new power plant will generate clean energy and supply it to Ukraine’s wholesale electricity market. The launch of electricity generation from the solar power plant, peaking capacity of which will be 3.2 MW, is expected in spring 2017. The green financing was provided to LLC “Rengy Izmail” for the period of 7 years.

Funding of environmental and energy efficiency projects is carried out within the framework of Ukrgasbank ECO-banking strategy, which aims to improve energy efficiency of Ukraine's economy and strengthen its energy security.