EBRD invests invests €28.3 million in Greek renewable energy

Bank invests €28.3 million in corporate bond by Hellenic Petroleum to support diversification

The EBRD has signed the first project under its new framework for renewable energy in Greece by subscribing to €28.3 million in bonds issued by Hellenic Petroleum, an energy company which is diversifying its activities into the area of renewables. The funds will support the company in developing a pipeline of photovoltaic and wind projects with a combined capacity of 190 MW. The total volume of the bond issuance was €450 million in two tranches, with the EBRD subscribing to the second tranche of €74.5 million alongside the Black Sea... ... More: Official Press Release EBRD

Keywords:

EBRD, Greece, renewable energy, finances