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    Reference: 20140587
    Release date: 10 April 2015

    Promoter – Financial Intermediary

    ABENGOA SA

    Location

    Description

    The project concerns selected investments of the promoter's RDI programme in the areas of biotechnology / chemical process development for advanced biorefineries, water treatment, advance power systems and renewable energy. The activities will be predominantly carried out in Spain between 2015 and 2018.

    Objectives

    The project corresponds to the EU policy orientations to promote private sector and competitive innovation. Part of the expenditures will take place in in less developed or transition regions. The project would hence be eligible for EIB financing under Article 309 of the EU Treaty, point c) "Knowledge Economy (i2)" – "Research and Development" and "Innovation" as well as a) Projects for developing less developed regions.

    Sector(s)

    • Industry - Manufacturing
    • Energy - Electricity, gas, steam and air conditioning supply
    • Water, sewerage - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 155 million

    Total cost (Approximate amount)

    EUR 313 million

    Environmental aspects

    The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.

    Procurement

    The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.

    Status

    Signed - 6/07/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Industry Energy Water, sewerage