EBRD Boosts Moldova Clean Energy Fund

The European Bank for Reconstruction and Development launched a new 20 million (USD27 million) euro credit line for renewable energy and energy efficiency projects in Moldova. The Moldova Sustainable Energy Financial Facility will provide loans of up to 2 million euros to local industrial, agribusiness and service enterprises engaged in small and medium energy efficiency initiatives. The loans will be channeled through EBRD’s partner banks in the country.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.