{"id":77090,"date":"2023-04-26T03:40:24","date_gmt":"2023-04-26T03:40:24","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/ebrd-is-helping-finance-albanias-largest-solar-plant-swedens-h2-green-steel-is-fundraising-for-zero-carbon-steel-plants-and-australia-is-lining-up-a-green-bond-framework\/"},"modified":"2023-04-26T03:40:24","modified_gmt":"2023-04-26T03:40:24","slug":"ebrd-is-helping-finance-albanias-largest-solar-plant-swedens-h2-green-steel-is-fundraising-for-zero-carbon-steel-plants-and-australia-is-lining-up-a-green-bond-framework","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/26\/ebrd-is-helping-finance-albanias-largest-solar-plant-swedens-h2-green-steel-is-fundraising-for-zero-carbon-steel-plants-and-australia-is-lining-up-a-green-bond-framework\/","title":{"rendered":"EBRD is helping finance Albania\u2019s largest solar plant, Sweden\u2019s H2 Green Steel is fundraising for zero carbon steel plants, and Australia is lining up a green bond framework"},"content":{"rendered":"

<\/a> EBRD helps finance Albanian solar power: <\/strong>The European Bank for Reconstruction and Development (EBRD) will lead the financing of Albania\u2019s 140 MW Karavasta solar plant \u2014 set to be the largest in the country, according to a statement<\/a> released on Monday. The EBRD is anchoring the project\u2019s EUR 99 mn financing structure and will lend EUR 29 mn to an Albanian special-purpose vehicle owned by France\u2019s Voltalia to finance the EUR 135 mn project. The project is co-financed by the International Finance Corporation, Intesa Sanpaolo Bank Albania, Privredna Banka Zagreb, and by Voltalia\u2019s own resources.<\/p>\n

Swedish startup H2 Green Steel is seeking EUR 1.5 bn in fundraising to build <\/strong>zero-carbon steel plants<\/strong>, the Financial Times<\/a> reported on Monday, citing people familiar with the matter. If it proceeds, the equity round by H2GS would be among the largest of its kind in Europe this year amid volatile market conditions. The startup \u2014 which is backed by Mercedes, Scania, and the Maersk family, among others \u2014 is in early stages for the funding and is working with Morgan Stanley advisors for the equity funding, it said. H2GS has started the final part of its financing strategy to raise over EUR 5 bn, including EUR 3.5 bn in debt. \u201cWe are now in an equity process. We are working on that in parallel with the continuing process on the debt side. It is for in excess of EUR 1.5 bn,\u201d H2GS said.<\/p>\n

Australia plans to begin drafting a green bond framework in the runup to <\/strong>launching a green financing program in mid 2024<\/strong>, Bloomberg<\/a> reported on Friday. The nation, which is seeking to end its reputation as a climate straggler, is one of world\u2019s largest per-capita polluters. The framework aims to help Australia\u2019s goal of net zero emissions by 2050 through increasing clean-energy infrastructure investments. \u201cOur Sovereign Green Bonds program will attract more green capital to Australia, by increasing transparency around climate outcomes and the scale of green investments available,\u201d he said.<\/p>\n

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