Public Power Corporation (PPC) has secured a €175 million loan from the European Bank for Reconstruction and Development (EBRD), backed by the EU’s InvestEU programme, to accelerate its transition to green energy and strengthen energy security in south-eastern Europe.
Key Details of the PPC Renewable Energy Loan Investment
The investment will support the planning, construction, and operation of approximately 400 megawatts (MW) of new wind and solar power capacity across Bulgaria, Greece, and Romania. Once operational, these assets are projected to generate around 760 gigawatt-hours (GWh) of clean electricity annually.
Strategic Impact of the PPC Renewable Energy Loan
This loan aims to enhance regional energy security while reducing reliance on fossil fuels and supporting national and regional decarbonisation goals. The InvestEU programme provides a first-loss guarantee, enabling the EBRD to offer longer-term financing under market conditions that might otherwise be unavailable.
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Additional Support for the PPC Renewable Energy Loan
In addition to the loan, the initiative includes a €75,000 grant under InvestEU’s social investment and skills mandate, aimed at developing crucial workforce skills for the renewable energy sector.
This financing package reaffirms the partnership between EBRD and PPC, demonstrating a shared commitment to building a more secure, sustainable, and resilient energy future for south-eastern Europe.
Sources for the PPC Renewable Energy Loan
- EBRD Provides €175 Million Loan To PPC For 400 MW Of New …
- News and events – EBRD
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