The European Investment Bank (EIB) has signed a new agreement with Banco Sabadell under the Pan-European Guarantee Fund (EGF), which is part of the €540 billion package of measures with which the European Union is responding to the economic impact of COVID-19. The EIB will provide Banco Sabadell with a guarantee of up to €300 million to finance projects implemented by companies of various sizes in Spain, enabling the Spanish bank to channel almost €700 million into the real economy over the next six years.
The European Investment Bank (EIB) and drone startup Quantum Systems have concluded a loan agreement of up to €10 million to further develop capabilities in the areas of autonomous flight and artificial intelligence.
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.