The funds obtained will finance a Spanish solar PV portfolio with an aggregate gross targeted installed capacity of 605MW. The agreement includes a long-term project finance with a principal amount of €301M of senior debt, a €29M PPA guarantee line and a credit line facility of €17M to cover 6 months debt service reserve account. […]
Enel agrees on 600 million euro facility with the European Investment Bank and SACE for sustainability-linked financing in Latin America – EQ Mag Pro
Enel, the European Investment Bank (EIB), via its development branch EIB Global, and SACE, the Italian export credit agency, agreed on a multi-country, multi-business and multi-currency facility of up to 600 million euros to support sustainable energy investments in Latin America through sustainability-linked financing instruments This is EIB-SACE’s first sustainability-linked transaction and the EIB’s largest […]
EIB invests €50 million in Wenea to deploy over 470 charging stations for electric vehicles in Spain
EIB invests €50 million in Wenea to deploy over 470 charging stations for electric vehicles in Spain The fast and ultra-fast charging stations will be located along Spanish motorways, including those of the Trans-European Transport Network (TEN-T). The EIB financing of €50 million will enable the company to carry out an investment of around €100 […]
EIB and LBBW provide PLN 184million each to construct four wind farms in Poland
The EIB financing is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. The European Investment Bank (EIB) and LBBW are providing PLN 184 million (approximately €42 million) each to finance the construction and operation of four wind farms in Poland’s Wielkopolskie region. […]
EIB approves € 5.1 billion for COVID-19 resilience, clean energy, rail transport and urban development
EIB Group launches European Guarantee Fund COVID-19 business financing: € 2.6 billion EIB and EIF funding to mobilise € 11.3 billion investment € 1.9 billion for COVID-19 health, medical and economic resilience € 2.1 billion for private sector investment with global financing partners € 1.3 billion for clean energy, energy efficiency and water investment The […]
Austria: Investment Plan for Europe – EIB finances wind farms of Windkraft Simonsfeld
EU climate bank advances €63 million Bulk of financing backed by Juncker Plan guarantee Erste Bank financing new windparks with an amount of €22 million The European Investment Bank (EIB) is providing €63 million of finance for the construction and operation of two new wind farms in Austria (Prinzendorf III and Powi V) of Windkraft Simonsfeld with […]
Poland: Electric vehicle battery production in Europe gets boost thanks to EIB loan of €480 million to LG Chem Wroclaw Energy
First EIB loan to LG Chem Group and its Polish subsidiary will support the construction of manufacturing facilities for advanced lithium-ion cells and batteries for battery-powered electric vehicles The project will contribute to the clean energy transition and the shift towards electrification of the European transport industry and secure the supply of advanced li-ion batteries for European […]
EIB agrees to finance construction and operation of new solar plants in Kenya
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance the construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide USD 53 million for […]
EIB set to finance biggest wind power infrastructure projects in Spain
These new facilities will have a total capacity of 547 MW and will generate approximately 1.491 GWh of energy a year overall, a volume equivalent to the power use of 360 000 Spanish homes. · The EU bank will provide up to EUR 385m to Alfanar, successful bidder in Spain’s third renewable energy auction. · […]
ENGIE and partners sign contracts for 60 MW solar PV projects in Senegal
ENGIE was selected as preferred bidder by Senegal’s Electricity Sector Regulation Commission (CRSE) in a tender launched in October 2017. ENGIE (ENGIE.com) and partners Meridiam and FONSIS have signed the EPC, Operation & Maintenance and Finance contracts for two solar PV projects of 60 MW. The total investment cost for the projects amounts to 47.5 […]