EBRD, IFC Lend $165 Million to EDP Renovaveis Romanian Wind Farm
The European Bank for Reconstruction and Development and the International Finance Corporation will lend 114.8 million euros ($165 million) to wind farms that EDP Renovaveis SA (EDPR) is developing in Romania.
The EBRD and the World Bank’s private-sector lending unit are each lending 57.4 million euros to Cernavoda Power SA, a company majority-owned by EDP Renovaveis, to co-finance the building and operation of the Dobrogea area wind parks, the EBRD said today in a statement.
Renewable energy is the direction, and is likely to feed the energy grid in a way that is more ustainable than excessive "food for fuel" policies. The link of this story, which I reproduce because I found it interesting, is given below.
http://www.bloomberg.com/news/2011-06-22/ebrd-ifc-lend-165-million-to-edp-renovaveis-romanian-wind-farm.html
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