KIEV, UKRAINE — New energy efficient grain storage facilities financed by the EBRD will be utilized by Ukraine’s Grain Alliance Group, which cultivates more than 50,000 hectares of land and is owned by Claesson & Anderzen of Sweden.

The €10 million loan will finance the expansion of the group’s storage facilities in northern Ukraine and the purchase of agricultural machinery. The project is co-financed by a €1.5 million loan from TaiwanICDF. Legal due diligence for the project partially is funded by Japan.

The loan will be supported by the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) program with a grant of up to $374,000, covering the installation of two biomass-fired heat generators with a total capacity of 24MW.

They will produce 43,200 MWh of renewable energy per year and help reduce annual CO2 emissions by 7,200 tonnes. FINTECC is designed to transfer technology in the area of climate change mitigation and is supported by the E.U.