en.Wedoany.com Reported - The European Bank for Reconstruction and Development (EBRD) has approved a €175 million loan to Greece's Public Power Corporation (PPC), specifically for the construction of renewable energy projects in Bulgaria, Greece, and Romania.

This financing will support the development of approximately 400 MW of new wind and solar power capacity. The EBRD stated that the loan is backed by the EU Investment Plan (InvestEU), which provides first-loss coverage through an EU guarantee. According to estimates, the relevant projects are expected to generate about 760 GWh of electricity annually and reduce carbon dioxide emissions by approximately 390,000 tons.

This investment aims to enhance energy security in these three countries and increase the share of renewable energy in their electricity mix. The project also includes a grant of approximately €75,000 to support skills training related to the energy transition. PPC will collaborate with the European Battery Academy to establish an accredited battery storage training program, which is expected to train up to 150 engineers by 2028. Additionally, the project will include measures to encourage women to take on technical and leadership roles in the energy sector.

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