GGF to provide 20 million euros loan to UniCredit Serbia for RES projects – Serbia, 16 May 2017

The Green for Growth Fund (GGF) announced that it has signed a loan agreement in the amount of 20 million euros with UniCredit Bank Serbia to finance renewable energy projects in the country. In addition to the financing, GGF will provide support through the technical verification and monitoring of projects.
Through long-term financing under very competitive conditions, this GGF loan will enable UniCredit Bank to reconfirm its position as one of the leading actors in renewable energy financing and at the same time enhance improvement of this sector, which is still in its infancy in Serbia. It will also once again reconfirm the strategy of UniCredit to constantly look for business opportunities arising from environmental challenges and to continue to invest in renewable energy sources. By the end of 2016, UniCredit Group exposure to the renewable energy sector exceeded 9.4 billion euros.

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