EBRD, OPEC Fund co-finance Azerbaijan's first utility scale wind farm

EBRD has arranged a $197.1 million syndicated loan to ACWA Power for the construction of the first utility-scale wind power project in Azerbaijan. The $345 million 240MW Khizi-Absheron Wind Power Project will be co-financed by OPEC Fund ($50 million) and, once commissioned, will generate up to...