MPB finances energy projects with 620 million euros

Marfin Popular Bank (MPB) on Monday said it has expressed interest and was evaluating investments in renewable energy sources, of a total power of 470 MW, budgeted at 620 million euros, Efthimios Bouloutas, the bank’s chief executive told a MPB conference in Athens on “Commodities Markets, Environment and Climate Change” with Al Gore, former US vice-president, as the main speaker.

MPB has already financed photovoltaic park projects of a total power of 1.6 MW in 2008 and was financing construction of a wind park and six more photovoltaic parks of a total power of 18.2 MW, Bouloutas said. The Greek banker noted that Marfin Popular Bank is the first and only bank in Greece and Cyprus to offer CO2 certificates through its Treasury & Capital Markets department.