The European Investment Bank (EIB) and Iberdrola have signed a new agreement to accelerate Portugal's energy transition via the development of new renewable energy plants. The EU bank will provide a €70 million green loan for the construction of a portfolio of projects with a total capacity of around 188 megawatts (MW). These new facilities, awarded at auctions in 2019, will produce green and competitive energy equivalent to the average consumption of more than 65,000 households. These solar projects will receive a total investment of more than €150 million.
The EIB is investing EUR 15 million into Izicap, enabling the fintech SME to develop and market a loyalty software solution for small merchants operating in local shops, to boost business growth in Europe.
These are some of the results from the latest yearly Climate Survey conducted in August 2022 and published today by the European Investment Bank (EIB). The EIB is the lending arm of the European Union and the world’s largest multilateral lender for climate action projects.