EBRD and EU strengthen Ukraine's energy security with new solar energy generation capacity
Ukraine, April 24 -- The European Bank for Reconstruction and Development is supporting a new renewable energy investment by Kernel, one of Ukraine's leading agribusiness groups, to strengthen the country's energy security and resilience during the ongoing war.The EBRD is lending US$ 45 million to Energy RTB 2, a wholly owned subsidiary of Kernel, to finance the construction of a 106 MW solar power plant with a co located battery energy storage system in Ukraine.Once completed, the solar plant is expected to generate around 141 GWh of renewable electricity annually and to cut carbon dioxide emissions by approximately 82,500 tonnes per year. This will add significant new decentralised generation capacity in one of Ukraine's most energy defic...
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