The European Investment Bank (EIB) will support the addition of 430MW of solar PV and wind in Spain and Portugal through a €100 million (US$114 million) financing deal.
The European Investment Fund (EIF) has closed a commitment to invest €50 million (US$56.4 million) in the fifth renewables fund set up by investment firm Everwood Capital that will develop, construct and operate a portfolio of new renewable projects, primarily solar PV
Europe’s leaders have called on the European Investment Bank (EIB) to investigate how to speed up investment in the energy transition to reduce the risk of future energy price crises.
Tutly Solar, French energy giant Total Eren’s subsidiary in Uzbekistan, has been awarded an €87.4 million US$106.32 million) loan package to develop a utility-scale solar PV system in the country.
Spanish utility Iberdrola has landed €800 million (US$903 million) in funding from the European Investment Bank (EIB) and Instituto de Crédito Oficial (ICO) to spearhead new renewable energy deployment throughout Spain.
Funding will back 18 PV plants in Spain of around 900MWp capacity awarded to Zero-E Solar in a 2017 auction, alongside various clean energy projects in the Netherlands, Austria and Italy.
Investment bank joins EIB as they co-sponsor 436MW portfolio in European country and also backs CVE’s 110MW distributed generation pipeline in South American state.
Major European lender backs plans by developer IM2 of 15 new plants in Southern state, the latest solar move for bank vowing not to sponsor fossil fuel ventures going forward.
European Investment Bank approves support to 218MW PV portfolio in Spain after drawing global headlines with vote to end funding to unabated coal, gas and others by 2021.
