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EBRD approved 300m financing for Greece in order to fund RES investments

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The European Bank for Reconstruction and Development announced the approval of a finance framework for Greece of €300m, aimed at funding RES investments.

The facility will finance investments in power generation from RES, in electricity distribution, as well as in transmission capacity, in order to improve efficiency, reduce losses and enable the integration of RES into the grid according to the announcement.

EBRD noted that the decision will contribute to the country’s target of adding 2.4GW of new green-energy generation capacity by 2020.
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