/24^th December 2020, EBRD, RENEWABLE MARKET WATCH^TM/  The European Bank for Reconstruction and Development (EBRD) shall provide financing for a 100 MW solar photovoltaic (PV) power plant in Uzbekistan. The plant is located in the Navoi region and is one of the first renewable energy projects in this country realised by the private investors. The engagement of the EBRD is providing an equity bridge loan of up to US$ 60 million to Nur Navoi Solar Holding for the construction and operation of the plant. The loan will allow the project investors Masdar, owned by Mubadala Investment Company, a global investment holding established and wholly owned by the Government of Abu Dhabi, to borrow the amount of equity it puts into the project. 

/22^nd April 2021, EIB/  € 3.4 billion of new financing approved today by the European Investment Bank (EIB) will accelerate shift towards renewable energy and sustainable transport, corporate innovation, improved housing, education and communications. “The green transformation of the global economy gathers speed. The green energy and sustainable transport projects approved by the EIB, the EU’s climate bank, today demonstrate the vision, ambition and partnership needed to slash greenhouse gas emissions this decade and beyond. I am thrilled that this week the European Union agreed to be climate-neutral by 2050. Tomorrow President Biden will host world leaders and renew the shared determination to fight the climate crisis. The return by the US to the community of countries committed to the Paris Agreement goals and to climate action is hugely welcome news, an essential and urgent step toward multiplying the effect of individual actions through global cooperation”, said Werner Hoyer, President of the European Investment Bank. 

/29^th January 2021, RENEWABLE MARKET WATCH^TM/ The Government of Kosovo has recently signed an agreement with IFC to help attract a private partner to develop a 50 MW solar photovoltaic (PV) power plant under a structure. The Kosovo Solar project will be implemented through a competitive tender to achieve procurement of lower-cost solar energy. The Republic of Kosovo has a population of 1.8 million and the energy generation in the country is heavily dependent on two old lignite coal-fired power plants with high CO2 emissions. The coal-fired power plants, which cover 91% of the energy generation, reach the end of their operational life and will soon need serious investments for modernisation or decommissioning. Therefore, Kosovo needs viable energy alternatives to build a more flexible power generation strategy with the increased use of renewable energy. Kosovo has solar, wind, hydro and biomass resources available that are more than sufficient to meet the country's energy supply needs, has been mentioned in the regular update of 'Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2021÷2030'.