A grant agreement worth €1.5 million for the solar plant in Oslomej was signed todayGrant is financed by bilateral donors to the WBIFDonor funds complement €5.9 million EBRD loanThe European Bank for Reconstruction and Development (EBRD), the European Union (EU) and bilateral donors are consolidating their support for solar energy projects in North Macedonia with grant financing for the first large-scale solar plant. A donor-funded grant agreement of €1.5 million was signed today in Skopje financed by bilateral donors to the Western Balkans Investment Framework (WBIF). Andi Aranitasi, EBRD Head of North Macedonia, said: “We are keen to continue working with North Macedonia on reducing its reliance on ageing coal-fired infrastructure. The EBRD is helping the country to conduct a “just transition” diagnostic and establish an action plan through inclusive policy dialogue with the authorities. Besides the bilateral donors to the WBIF, Italy supported the investment by financing the project’s technical feasibility assessment.

Source: The North Africa Journal June 30, 2023 09:56 UTC