Solar

EBRD Sets Up US$250 Million Fund for Southern and Eastern Mediterranean Region

The European Bank for Reconstruction and Development has started a US$ 250million financing program for private sector renewable energy generation in Morocco, Egypt, Tunisia and Jordan.
The financing framework envisages up to US$250 million in debt and equity funding for private companies in the Southern and Eastern Mediterranean region to build new renewable energy generation capacity. Most of the produced energy will be sold directly to private sector consumers such as cement companies and hotel groups.

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