EBRD backs new solar park for Hellenic Halyvourgia in Greece

The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a new 32 MW solar park for Greek steel producer Hellenic Halyvourgia through a financing package worth €18.9 million.

The package includes a €5.7 million loan from the EBRD, €9.4 million in Recovery and Resilience Facility (RRF) funding channelled through the Greek authorities, and a €3.8 million contribution from Hellenic Halyvourgia itself. The project was signed under the EBRD’s Greek RRF Co-Financing Framework, which forms part of the “Greece 2.0” National Recovery and Resilience Plan funded by the European Union’s NextGenerationEU programme.

The project will provide renewable electricity for the company’s industrial operations, helping reduce carbon emissions and increase the use of clean energy.

The investment highlights the growing role of solar power in industrial decarbonization and sustainable development. Large-scale solar plants help cut greenhouse gas emissions, reduce reliance on fossil fuels, improve energy security, and support the transition to a low-carbon economy. By integrating renewable energy directly into manufacturing, projects such as the Hellenic Halyvourgia solar park demonstrate how industry can remain competitive while contributing to more sustainable future.

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EBRD invests in Hellenic Halyvourgia’s new solar park in Greece 04 June 2026