The EBRD on Wednesday signed an inaugural project under its new framework for renewable energy in Greece by subscribing to €28.3 million in bonds issued by Hellenic Petroleum, Greece’s biggest petro-chemical group.
The latter aims to fund a diversification of its activities into the area of RESs.
According to an EBRD statement, the funding will support the refinery and retail operator’s photovoltaic and wind projects, projected to have a combined capacity of 190 MW.
The total volume of the bond issuance reached €450 million in two tranches, with the EBRD subscribing to the second tranche of €74.5 million alongside the Black Sea Trade and Development Bank and other selected institutional investors.
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Source: naftemporiki.gr
