EBRD Accelerates Baltic Green Transition With Record-High Funding
Date
1/17/2025 3:09:45 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 17. The European Bank
for Reconstruction and Development (EBRD) set a new investment
record in the Baltic states, committing 540 million euros in 2024,
Trend reports.
This surpasses previous highs of 358 million euros in 2022 and
323 million euros in 2023, with a remarkable 95% of the funding
supporting green projects.
Estonia and Lithuania led the way with record investments of 244
million euros and 233 million euros, respectively, focused on
renewable energy and sustainability initiatives. In Latvia, the
EBRD invested 63 million euros across 10 projects.
Key highlights include:
Estonia : 100 million euro loan to Enefit Green
for the Sopi-Tootsi wind park (255 MW).
Lithuania : 100 million euro equity investment
in Green Genius's regional expansion and 40 million euros to
Vilnius Public Transport for electric buses.
Regional : 20 million euros commitment to the
EfTEN Special Opportunities Fund, supporting local capital
markets.
Tomas Kairys, Head of the Baltic States at the EBRD, praised the
record results, emphasizing the Bank's role as a climate financier
and its commitment to helping the region transition to carbon
neutrality.
Since its inception, the EBRD has invested nearly 4.14 billion
euros in 379 projects across the Baltic region, driving sustainable
development and economic resilience.
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