Tag Archives: EIB

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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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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Iberdrola signs with EIB €200 million loan for innovation projects in networks and renewables

The loan will support investments to upgrade smart grid efficiency, clean energy generation and electric mobility projects in Spain and the United Kingdom. Iberdrola has signed with the European Investment Bank (EIB) a €200 million loan facility with a six-year maturity or repayment term. The funds will be used by the company to finance research, … Continue reading Iberdrola signs with EIB €200 million loan for innovation projects in networks and renewables

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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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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

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EIB Interested in Financing Ethiopian Wind Energy Project

The European Investment Bank has decided to finance the Aisha I wind farm project being constructed by the Ethiopian Electric Power Corporation. A range of different financiers have been in touch with the Ethiopian Electric Power Corporation in financing the wind farm projects launched by the corporation according to Mihret Debebe, Chief Executive of the … Continue reading EIB Interested in Financing Ethiopian Wind Energy Project

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