The European Investment Bank (EIB) today signed a EUR 120 million loan with Iberdrola to finance the development of energy technology research and innovation projects aimed at contributing to and accelerating the electrification and decarbonisation of the economy. The total investment associated with the project will be €250 million. The EIB funding will be used … Continue reading EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
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Morocco to develop its first offshore wind power plant
With an offshore wind energy potential of 200 gigawatts, Morocco aims to take advantage of its strong winds and favourable maritime conditions, benefiting from an EIB grant for renewable energy production.Morocco is stepping up its efforts to tap its significant offshore wind energy potential and expand its wind power capacity, according to a report by … Continue reading Morocco to develop its first offshore wind power plant
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EIB signs €50 million green loan with Matrix Renewables to deploy 5 new solar photovoltaic plants in Spain
EIB signs €50 million green loan with Matrix Renewables to deploy 5 new solar photovoltaic plants in SpainThe loan will support the design, construction, and operation of 5 new solar photovoltaic plants with an installed capacity of 240 MW in the regions of Castilla León and Extremadura.The project contributes to consolidate the EIB’s position as … Continue reading EIB signs €50 million green loan with Matrix Renewables to deploy 5 new solar photovoltaic plants in Spain
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EIB delivers its bit of the Wind Power Package with counter-guarantees for wind energy manufacturing
The European Investment Bank (EIB) Board of Directors today announced a €5bn counter-guarantee scheme for wind energy manufacturing. This is the EIB’s key action in the EU Wind Power Package. The counter-guarantees will improve access to finance for wind turbine manufacturers, providing them with the support they need to help boost Europe’s energy security and … Continue reading EIB delivers its bit of the Wind Power Package with counter-guarantees for wind energy manufacturing
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EIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
The European Investment Bank (EIB) and Ørsted have signed a €400 million framework loan agreement to finance new wind power production. By supporting Europe’s transition to electricity from renewables, the agreement aligns with the goals of the RePowerEU initiative.“We’re delighted to continue our longstanding partnership with Ørsted — as this is our fifteenth joint project,” … Continue reading EIB and Ørsted sign €400M loan to finance new wind energy production in Denmark
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The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
The financing signed today amounts to 400 million euros and is the first tranche of the total approved loan, which will be used to finance wind farms and photovoltaic plants with a total capacity of 1.1 GW. It contributes to the goal of the REPowerEU plan to increase energy security by reducing the European Union’s … Continue reading The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
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Iberdrola signs a €1,000 million loan with the EIB to accelerate the energy transition in Europe
The European Investment Bank (EIB) and Iberdrola have signed a new financing agreement worth €1 billion to fast forward the energy transition in Europe by building an extensive network of 19 solar power plants and 3 onshore wind farms in Spain, Portugal and Germany. With a total installed capacity of 2.2 GW, the projects envisage … Continue reading Iberdrola signs a €1,000 million loan with the EIB to accelerate the energy transition in Europe
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Iberdrola signs a loan of 150 million euros with the EIB for solar and wind energy in Italy
The European Investment Bank (EIB) and Iberdrola have signed a new agreement to accelerate Italy’s energy transition by developing new renewable energy plants. The EU Bank has granted a €150 million green loan for the construction of a portfolio of wind and photovoltaic (PV) projects with a total capacity of around 400 megawatts (MW). These … Continue reading Iberdrola signs a loan of 150 million euros with the EIB for solar and wind energy in Italy
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The EIB finances Iberdrola’s solar plants in Portugal
The European Investment Bank (EIB) and Iberdrola have signed a new agreement to accelerate Portugal’s energy transition via the development of new renewable energy plants. The EU bank will provide a €70 million green loan for the construction of a portfolio of projects with a total capacity of around 188 megawatts (MW). These new facilities, … Continue reading The EIB finances Iberdrola’s solar plants in Portugal
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Iberdrola and EIB sign a €220 million green loan top-up to boost smart grids in Spain
The funds, totalling €820 million, are earmarked for the infrastructure investment plan of i-DE, Iberdrola’s electricity distribution company in Spain The project, which will maintain 10,000 jobs per year, is contributing to the electrification of the Spanish economy and to increasing the efficiency of the distribution network These additional resources will facilitate the execution of … Continue reading Iberdrola and EIB sign a €220 million green loan top-up to boost smart grids in Spain
Continue readingEIB backs Ørsted with €500 million loan agreement, boosts wind energy
The European Investment Bank (EIB) has signed a EUR 500 million loan with Ørsted to support its increased capex programme on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farms off the Dutch coast with a long-term commitment from the EIB. “We’re very pleased with the commitment from EIB and … Continue reading EIB backs Ørsted with €500 million loan agreement, boosts wind energy
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The EIB and the BIS grant EDP Renováveis € 112 million for 125 MW of wind energy
The wind farms are located in the districts of Coimbra and Guarda, in the west and north of the country. The European Investment Bank (EIB) will provide €65 million and BPI an additional €47 million to EDP Renováveis S.A. (EDPR), one of the main producer of wind energy in the world, to finance the construction … Continue reading The EIB and the BIS grant EDP Renováveis € 112 million for 125 MW of wind energy
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Siemens Gamesa finances its innovation strategy with a loan from EIB
The investment will be allocated mainly to Siemens Gamesa’s RDI centers in Spain and Denmark. Siemens Gamesa has arranged a €300 million loan from the European Investment Bank (EIB) to fund its research and development and innovation (RDI) strategy through 2023. The deal comprises an initial €150 million tranche, and a second tranche for the … Continue reading Siemens Gamesa finances its innovation strategy with a loan from EIB
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Iberdrola receives €800 million in financing from EIB and ICO to boost the green recovery in Spain
These funds will go to building photovoltaic plants and wind power farms in several locations, most of which are in rural transition regions. Iberdrola today signed an agreement with the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) to drive the green recovery by developing new renewable energy capacity in Spain. To … Continue reading Iberdrola receives €800 million in financing from EIB and ICO to boost the green recovery in Spain
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EIB supports wind energy in Portugal by financing three EDPR wind farms
In detail, the project consists of 31 wind turbines of two different unit size (2 MW and 3.6 MW). Each wind farm is connected to the medium voltage (MV) network. Electrical equipment such as internal array cabling, transformers (LV/MV) and civil works (foundations, access and internal roads) are included in the scope of the project. The … Continue reading EIB supports wind energy in Portugal by financing three EDPR wind farms
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EIB grants EUR 50m loan to Iberdrola and Caja Rural de Navarra to build new wind energy complex in Navarra
The European Investment Bank (EIB) has taken another step forward in the promotion of clean energy production in Spain. The EU bank will provide EUR 50m in financing to Renovables de la Ribera, a 50-50 joint venture between Iberdrola and Caja Rural de Navarra to build a new renewable energy project – the Cavar wind complex … Continue reading EIB grants EUR 50m loan to Iberdrola and Caja Rural de Navarra to build new wind energy complex in Navarra
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EIB and EDPR support the development of wind energy in Brazil
Climate action in Latin America: the EIB and EDPR support the development of renewable energies in Brazil. The EIB grants EUR 150 million to EDPR Brazil to finance wind power and solar energy plants. The agreement will help the country meet the climate objectives established in COP21. Employment: the project will create 1,900 jobs during … Continue reading EIB and EDPR support the development of wind energy in Brazil
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EIB, SBI and YES Bank to Cooperate for Wind Energy Financing in India
The European Investment Bank (EIB) has confirmed it is going to increase its support to investment in onshore wind through the expansion of an existing lending program with the State Bank of India (SBI). Under the agreement, promoters of onshore wind projects will be able to benefit from long-term low-cost financing under a dedicated €600 … Continue reading EIB, SBI and YES Bank to Cooperate for Wind Energy Financing in India
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Belgium’s Northwester 2 wind power project gets 210 mln euros EIB loan
It said another 100 million euros for the wind energy project would be guaranteed by Denmark’s Export Credit Agency EKF. Belgium’s 219 megawatt (MW) Northwester 2 offshore wind farm project secured a 210 million euro ($242 million) loan from the European Investment Bank (EIB), the bank said on Friday. EIB said the project, estimated to … Continue reading Belgium’s Northwester 2 wind power project gets 210 mln euros EIB loan
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EIB provides EUR 50 mln to build nine wind farms in Aragón
The European Investment Bank has today taken another step forward in the promotion of clean energy production in Spain. With the support of the Investment Plan for Europe, the EU bank has signed an EUR 50 million loan to finance a wind power project developed by the Spanish firm Forestalia Renovables. The shareholders in the “Goya” … Continue reading EIB provides EUR 50 mln to build nine wind farms in Aragón
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