The European Bank for Reconstruction and Development (EBRD) announced on Monday, June 8, that it will provide a EUR 175 million loan to Greek utility group Public Power Corporation (PPC) to support renewable energy projects in Romania, Greece, and Bulgaria. The financing will enable the planning, construction, and operation of roughly 400 megawatts of new wind and solar capacity. According to the EBRD, the loan benefits from support under the European Union's InvestEU programme, which provides a first-loss guarantee and enables longer-term financing for large-scale renewable energy investments.