Ukraine wind project receives $17.6m boost

The European Bank for Reconstruction and Development will provide $17.6m for a wind farm in western Ukraine to improve power-supply reliability and reduce carbon-dioxide emissions.

Eco-Optima Ltd., a closely held Ukrainian company, will use the London-based bank funds to build and operate a wind farm with a capacity of 12.5 MW that will supply power to more than 10000 households.

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The plant will be operational by the end of this year and should reduce carbon emissions by about 26000 tons a year, according to the statement.

“Ukraine has a great potential in developing renewable energy generation and this project is our contribution to this good cause,” said Olivier Descamps, EBRD Managing Director for Turkey, Eastern Europe, Caucasus and Central Asia.

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