Norwegian and French companies unveil plans for stage two of wind farm.

Norway’s NBT and France’s Total Eren have concluded an agreement on the second phase of a 250 MW wind farm in southern Ukraine worth EUR 107.6 million as the Ukrainian renewables sector continues to attract international investment. The agreement features the involvement of a syndicate of development banks including the Black Sea Trade and Development Bank (EUR 30 million), Proparco (EUR 42 million), Finnfund and IFU (Eur 15 million each), and the Nordic Environment Finance Corporation (EUR 5 million). This new agreement takes overall financing for the project to approximately EUR 262 million.

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