Voltalia, a renewable energy project developer, secured €29 million (~$32 million) in debt financing for the construction of a 140 MW of solar project in Albania from the European Bank for Reconstruction and Development (EBRD). The EBRD is anchoring the €99 million (~$109.30 million) financing structure required to implement the project and is mobilizing significant and innovative commercial debt participation. The project’s total cost of €135 million (~$149 million) is co-financed by the International Finance Corporation, Intesa Sanpaolo Bank Albania, Privredna Banka Zagreb, and Voltalia’s resources.