The European Bank for Reconstruction and Development ( EBRD ) has confirmed that it will lend Norway 's Scatec Solar € 19.7 m ( $ 22.3 m ) to construct a 10 MW solar farm in the Ukrainian city of Chyhyryn . Swedfund International and the Nordic Environment Finance Corporation will provide an additional € 10 m and € 5 m respectively in funding . The project , which will go online next year , is the fifth investment under the EBRD 's € 250 m Ukraine Sustainable Energy Lending Facility III and is Scatec 's third project in Ukraine . The loans will cover 70 % of the project 's total cost .
The European Bank for Reconstruction and Development (EBRD) has confirmed that it will lend Norway's Scatec Solar €19.7m ($22.3m) to construct a 55.4 MW solar plant in the Ukrainian city of Chyhyryn. Swedfund International and the Nordic Environment Finance Corporation will provide an additional €10m and €5m 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 third project in Ukraine. The loans will cover 70% of the project's total cost.