The London-based European Bank of Reconstruction and Development (EBRD), with its lending in the Cop 27 host country of Egypt (MEES, 30 September), has been a pioneer of the type of peer-to-peer blended finance that key international politicians and financiers say will be crucial to funding the energy transition in developing countries (MEES, 11 November).
The EBRD on 8 November announced an example, albeit a modest one, of how it sees this model working. It will lead $5.5mn of funding to Egyptian private-sector power developer Taqa Arabia to finance construction of a 7MW solar PV plant at Minya on the Nile 250km south of Cairo. (CONTINUED - 506 WORDS)
