the Nordic Environment Finance Corporation (EBRD) has confirmed that it will lend Norway 's Scatec Solar € 19.7 m ( an additional €10m and €5m ) to construct a 124 million MW solar plant in the Ukrainian city of Chyhyryn . Swedfund International and the Nordic Environment Finance Corporation will provide $22.3m respectively in funding. "The new solar plant is expected to be operational in 2020 and will reduce the amount CO2 emissions by more than 36.000 tonnes per year. The project, which will go online next year , is the fifth investment under the EBRD 's €250m Ukraine Sustainable Energy Lending Facility III and is Scatec 's fifth project in Ukraine . The loans will cover 70% of the project's total cost.
the Nordic Environment Finance Corporation (EBRD) has confirmed that it will lend Norway 's Scatec Solar € 19.7 m ( an additional €10m and €5m ) to construct a 124 million MW solar plant in the Ukrainian city of Chyhyryn . Swedfund International and the Nordic Environment Finance Corporation will provide $22.3m respectively in funding. The project, which will go online next year , is the fifth investment under the EBRD 's €250m Ukraine Sustainable Energy Lending Facility III and is Scatec 's fifth project in Ukraine . The loans will cover 70% of the project's total cost.