EBRD to lend $4.8m to back solar, other renewables in Egypt

The European Bank for Reconstruction and Development has agreed to lend up to $4.8 million for investments in renewables in Egypt, including a PV project.The European Bank for Reconstruction and Development (EBRD) said this week that it will provide up to $4.8 million of loans to Intro Sustainable Resources (Intro-SR) and Intro Solar SAE to support the development of a solar plant and other energy-related projects in Egypt. It said the senior secured loan will support Intro-SR's equity stake in a portfolio of PV, energy efficiency, waste-to-energy, and waste management projects. The installations ...

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