The fund will include an eight year EBRD loan of €3.9m and a 15-year loan of €1.5m from the Clean Technology Fund.
Once finished, the plant will be connected to the local grid and the state government will purchase all of the plant output at a fixed rate until 2030 under the existing Ukrainian green tariff law.
The new project is part of the EBRD Ukraine Sustainable Energy Lending Facility (USELF) investment program, an investment program of €70m designed to provide finance to private local enterprises to invest in renewable energy projects in Ukraine.