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EIB Global backs pioneering green hydrogen-based fertiliser plant in Paraguay with up to USD 95 million financing
The European Investment Bank (EIB) through its development arm EIB Global, has announced up to USD 95 million in financing for the development of ATOME’s Villeta Green H₂ Fertiliser Plant, a landmark project that will produce low‑carbon nitrogen fertilisers in Paraguay using green hydrogen generated from the country’s fully renewable electricity system. With an annual production capacity of around 260 000 tonnes of calcium ammonium nitrate (CAN), the project is set to become one of the first industrial‑scale green hydrogen fertiliser plants outside the European Union, and the world’s largest upon start of operations, demonstrating Europe’s global leadership in clean industrial technologies.
Italy: EIB provides €225 million to Iren to promote circular economy and energy efficiency
The European Investment Bank (EIB) and Iren Group have signed a new €225 million finance contract to support the company’s investment plan for 2025-2028. Signed today in Milan by EIB Vice-President Gelsomina Vigliotti and Iren Executive President Luca Dal Fabbro, the operation aims to back a range of measures designed to promote the circular economy and energy efficiency by strengthening waste collection systems and implementing steps to reduce buildings’ energy consumption.
European Union and IDB provide $150 million for major upgrades to Paraguay’s electricity transmission network
The European Investment Bank (EIB), through its development arm EIB Global, the Inter-American Development Bank (IDB) and the European Commission have announced a significant co‑financing package to modernise and reinforce Paraguay’s electricity transmission system. The operation will support the construction of the new 500/220 kV Emboscada substation and associated transmission lines. This strategic investment will strengthen the interconnected national system, improve security of supply for the metropolitan and central systems, and create the backbone for further renewable energy and interconnection projects.