EBRD organises financing of US$ 548 million in Kazakhstan's wind farm with storage capability
Kazakhstan, April 24 -- The European Bank for Reconstruction and Development (EBRD) is providing an A/B loan of up to US$ 548 million (€467 million) to Aktas Energy for the construction and commissioning of the Mirny wind power plant in the Zhambyl region of Kazakhstan.The A-loan of up to US$ 250 million (€ 213 million) is provided for the EBRD's own account. The B-loan of up to US$ 298 million (€ 254 million), will be syndicated to a group of co-lenders including the China Construction Bank, Qatar National Bank, Societe Generale and Standard Chartered.The plant's installed capacity will be 1?GW of clean energy and it will have a 300 MW / 600?MWh battery energy storage system (BESS). This will be the country's largest onsh...
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