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London headquartered EBRD approved a senior secured loan of up to EUR 53 million for SPV Blue 2 and SPV Blue 3 in Albania. The financing supports construction of a 160 MW solar photovoltaic plant and a 60 MW co-located BESS project. Total project investment is estimated at EUR 105 million. The development is expected to become one of the region’s first utility-scale co-located solar PV and storage projects. EFSD+ Hi-Bar guarantees are expected to provide first-loss risk coverage for the project. The project aims to diversify Albania’s electricity mix and reduce dependence on hydropower.
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