The European Bank for Reconstruction and Development (EBRD) is providing a €175 million loan to Public Power Corporation (PPC) to support renewable energy development across Bulgaria, Greece, and Romania. The financing will help develop approximately 400 MW of new wind and solar capacity across the three countries. The financing is backed by the EU-supported InvestEU.
Furthermore, the projects are expected to generate around 760 GWh of clean electricity annually. The project will also help offset approximately 390,000 tonnes of carbon emissions annually. The initiative also includes a €75,000 grant to support workforce skills development and training for the clean energy transition.
In April 2026, EBRD agreed to provide a €70 million loan to Renalfa IPP to support energy projects in Hungary. The funding is part of the €210 million package for the development, construction and operation of the 450 MW solar PV portfolio with 250 MW/1,000 MWh battery energy storage systems (BESS) located in Northeastern Hungary.