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The Green for Growth Fund, an impact investment fund advised by Finance in Motion, has joined forces with the European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Finance Company (FMO) to co-finance EUR 150 million toward the construction and operation of a 250 MW wind farm in the Kherson region of Southern Ukraine. The loan package was provided to local developer SyvashEnergoProm LLC, co-owned by Total Eren of France and NBT of Norway, for the construction of the initial 133 MW phase.
One of the first internationally backed large-scale wind farms in Ukraine, the project will be financed in two phases. Half of the initial EUR 150 million has been supplied by an EBRD A-loan, with the other half provided jointly by the Green for Growth...
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