European Bank for Reconstruction and Development

The ILX pension fund investor set up with the backing of German, Dutch and British public money has committed to join the EBRD in providing the finance for climate-related investment across the lender’s sphere of influence.

The London-based development institution will offer up a loan and grant to fund the construction of five solar plants at municipal sites across Gaziantep, as part of the lender’s Green City program.

With Australia prepping plans for vast green hydrogen and ammonia production facilities, two of the country’s state governments are trying to drum up the end-user market as agreements are signed to drive use of the gas in Ukraine and Poland.

Developer Terna Energy claims the Amphilochia pumped hydroelectric energy storage project has entered the final stretch. If built, the large scale facility can boost Greece’s independence from fossil fuels and the government’s strategy for a coal-free electricity system by 2025.

The London-based development finance provider has made more than €50 million available for sustainable investment across three separate credit lines recently.

French energy company Total is developing the solar field near Samarkand, which will sell power to National Electric Networks of Uzbekistan under a 25-year power purchase agreement.

Private sector businesses will be offered concessional loans to install solar and other climate change related equipment.

Telecomms, retail and garment manufacturing businesses have signed up to consume the electricity to be generated by eight solar projects in Jordan which will harness grid infrastructure to transfer an estimated 81 GWh of clean power annually.

The loan will be supplied by the EBRD and includes €1.25 million of concessional lending provided by the global Green Climate Fund.

Solarizegypt will receive payments from Coca Cola for a 1 MW array it has installed on an industrial facility in Sadat City under the nation’s net metering regime.