Reuters
The European Bank for Reconstruction and Development said on Monday that it is leading the financing of Voltalia's 140 Megawatt (MW) solar plant in Albania, the largest in the country and estimated to cost 135 million euros ($149 million). The bank, which is lending 29 million euros to an Albanian special-purpose vehicle owned by France's Voltalia, is anchoring the 99 million-euro financing structure required to develop the Karavasta plant in southwestern Albania, it said in a statement. The project is co-financed by the International Finance Corporation (IFC), Intesa Sanpaolo Bank Albania, Privredna Banka Zagreb and Voltalia's own resources.