EBRD provides loan to Novoazovskiy Wind Park in Ukraine

EBRD approved provision of EUR 48.8 million loan to LLC Novoazovskiy Wind Park for construction of the second stage of respective wind power plant located in Donetsk region. EUR 33.3 million will come from EBRD directly and EUR 15.5 million – from the Clean Technology Fund.

Installed capacity of the second stage will be 32.5 MW consisting of 13 wind turbines of 2.5 MW each produced by Fuhrlander. 23 turbines with total capacity of 57.5 MW are currently under operation, while the total designed capacity of the wind farm is 107.5 MW.

LLC Novoazovskiy Wind Park is a project company that belongs to the developer Wind Parks of Ukraine that also develops two wind parks (Ochakovskiy and Berezanskiy) in Mykolayiv region.

This is the second wind project financed by EBRD in Ukraine. Earlier this year EBRD and CTF provided EUR 13.3 million loan to Eco-Optima for construction of 12.5 MW wind farm in Lviv region.

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