The European Bank for Reconstruction and Development (EBRD) for the first time since the beginning of the full-scale war provided Kernel with financing, signing a loan agreement for an amount of
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The European Bank for Reconstruction and Development (EBRD) has provided Kernel with financing for the first time since the start of the full-scale war, signing a $45 million loan agreement for the implementation of a renewable energy project. The decision was approved by the Bank's Board of Directors and signed within the framework of the Ukraine-EU business summit in Brussels. This was reported by the press service. The total cost of the project is estimated at approximately $86 million. In addition to the EBRD, negotiations are underway with other international lenders, while the remaining investments will be financed by Kernel. Partial coverage of the risk of first losses is provided by the European Union within the Investment Program for Ukraine (UIF). The project involves the construction of a 106 MW solar power plant in southern Ukraine and the installation of energy storage systems. The facility is expected to generate about 141 GWh of electricity from renewable sources ...