Spain

The European Investment Bank (EIB) and CaixaBank have signed a €50 million counter-guarantee agreement that CaixaBank will use to create a portfolio of bank guarantees under a green trade finance facility of at least €100 million to back the manufacturing capabilities of Navantia’s renewable energy division Navantia Seanergies. Navantia has extensive experience in the offshore wind energy sector, by building substations and fixed and floating foundations, such as jackets and monopiles.

The European Investment Bank (EIB) and Endesa have signed two loans totalling €650 million to support the electricity company’s investments in strengthening, modernising and digitalising Spain’s electricity grid. The financing is expected to boost investments in six autonomous communities, fostering the expansion and resilience of the distribution network, enhancing the security of supply, and promoting the integration of renewable energy sources.

The European Investment Bank (EIB) and ACCIONA have signed a €120 million loan to invest in research, development and innovation, and advance the company’s digitalisation strategy, with the aim of building more sustainable and efficient infrastructure. This is the first tranche to be signed of a total loan of €150 million approved by the EIB.