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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Ørsted partners with Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank for FlagshipONE
Today, at COP28, Ørsted announced that the EU-Catalyst Partnership, which consists of the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank, has vowed to support Ørsted’s FlagshipONE project, highlighting the innovative nature of this project and its potential to contribute to the decarbonisation of shipping. FlagshipONE is Europe’s largest e-methanol plant and is … Continue reading Ørsted partners with Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank for FlagshipONE
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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 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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Wind energy in Spain: EIB will finance the 21 wind farms in Spain
The EU bank will provide up to 385 million euros to the company Alfanar, a winner in the third auction of renewables in Spain. The wind farms will be located in six autonomous communities, together add an installed wind power capacity of 547 MW, and generate a volume of energy equivalent to the consumption of … Continue reading Wind energy in Spain: EIB will finance the 21 wind farms in Spain
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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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European Investment Bank (EIB) to back 200 MW Egypt wind farm
The European Investment Bank (EIB) and the Arab Republic of Egypt have signed a loan agreement of EUR115m for the construction of a wind farm in the Gulf of Suez. The windfarm will contribute to meet growing electricity demand using sustainable wind energy. In the presence of Sahar Nasr, Minister of Investment and International Cooperation … Continue reading European Investment Bank (EIB) to back 200 MW Egypt wind farm
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Financing for the fourth Belgian offshore wind farm Nobelwind has been found
The financing for the construction of the fourth Belgian offshore windfarm in the North sea, known as Nobelwind, has been found. It was announced on Friday. The work will start in April 2016, and should finish in 2017. This new wind farm will be built next to Belwind, 47 kilometers from the Ostende coast. It … Continue reading Financing for the fourth Belgian offshore wind farm Nobelwind has been found
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EU loans €85m for wind farm in Austria
The European Investment Bank (EIB) is providing an €85 million loan for the development of wind energy projects in Austria. The funds will be channelled through the Raiffeisenlandesbank Niederösterreich-Wien AG (RLB NÖW) bank. Project promoter WindLandKraft GmbH will build and operate three wind power projects, which will include 34 wind turbines and have a total … Continue reading EU loans €85m for wind farm in Austria
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West African solar power project gets EUR 23m EIB backing
The European Investment Bank has agreed to provide EUR 23 million (15 billion CFA) to support investment in one of the largest photovoltaic power stations in sub-SaharanAfrica. The EUR 70.5 million (46 billion CFA) scheme will be constructed at Zagtouli on the outskirts of Ouagadougou, the capital of Burkina Faso and operated by national electricity … Continue reading West African solar power project gets EUR 23m EIB backing
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EIB Finances Abengoa Concentrated Solar Power (CSP) Plant in South Africa
Once fully developed the !Ka Xu concentrated solar thermal plant will collect solar energy using parabolic trough technology. The Development Bank of Southern Africa (DBSA) is pleased to announce that it signed with the European Investment Bank (EIB) a R1,4 billion finance contract to support the development of the !Ka Xu 100 MW concentrated solar … Continue reading EIB Finances Abengoa Concentrated Solar Power (CSP) Plant in South Africa
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EGP enters into loan agreement with EIB for 200 million euros to cover wind energy investments in Romania
The European Investment Bank (EIB) and Enel Green Power International BV, the financial and controlling holding company of international subsidiaries of the Enel Green Power Group, have closed a financing operation for 200 million euros to partially cover investments for some wind farms in the Banat and Dobrogea regions of Romania. The 15-year loan has … Continue reading EGP enters into loan agreement with EIB for 200 million euros to cover wind energy investments in Romania
Continue readingKa Xu Solar One Concentrated Solar Power (CSP) plant gets EUR 210 million EIB backing
The European Investment Bank has agreed to provide R2,8 billion (EUR210 million) for construction of the Ka Xu Solar One concentrating solar power plant north of Pofadder in the Northern Cape. The European Investment Bank has agreed to provide R2,8 billion (EUR210 million) for construction of the Ka Xu Solar One concentrating solar power (CSP)
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EIB – European Investment Bank : Helping a Baltic Sea wind farm power 340,000 German homes
When operational in 2014, “EnBW Baltic 2” will be the largest wind farm off the German Baltic Sea coast. It will generate electricity for around 340,000 households, so avoiding the production of 900,000 tons of carbon dioxide. We will lend up to EUR
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