The European Investment Bank (EIB) and Iberdrola have signed an agreement to support the development, modernisation and digitalisation of the company’s electricity distribution networks in several Spanish regions. To this end, they have signed a €550 million green loan enabling the company to boost smart grids in Spain, contributing to greater electrification, in line with the of the Spanish and European climate neutrality target for 2050.
The Advisory Hub, a joint initiative of the European Commission and the European Investment Bank (EIB), is set to advise Empresa Municipal de Transporte de Madrid (EMT — Madrid Municipal Transport Company) on the design and development of its new La Elipa operations centre. The agreement was signed by EIB Vice-President Ricardo Mourinho Félix and EMT President Borja Carabante.
The European Investment Bank (EIB) and BBVA have further strengthened their relationship and signed an agreement to support large Spanish companies and mid-caps affected by the economic crisis caused by the pandemic. To this end, the EIB will grant a guarantee of up to €400 million to BBVA, enabling the Spanish bank to mobilise more than €1.015 billion in the real economy via loans.