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The European Investment Bank (EIB) will finance new social housing in Skellefteå, Sweden. In light of the green industrialisation in the region, for example through the expansion of Northvolt’s gigafactory, new affordable housing is needed. The EIB loan of SEK 800 million (€70 million) contributes to the promotion of Skellefteå’s integrated urban development and social integration objectives and will help the municipality to diversify its funding sources.
To support the green transition in Kosovo*, the European Investment Bank (EIB) has signed a €33 million investment loan for the construction one of its largest solar photovoltaic plants near Pristina - with a capacity of up to 100 MWac (120MWp). By increasing the share and capacity of solar energy in power generation, the project will contribute to energy supply security, a faster green transition and economic growth in the region. Upon completion, the plant is expected to produce around 169 GWh of electricity and displace 174 000 tonnes of CO2 a year on average.
The European Investment Bank (EIB) approved a €700 million green loan to expand Iberdrola’s electricity-distribution grid in Spain. An initial, €500 million tranche was signed in Madrid by EIB Director General for European Union Operations, Jean-Christophe Laloux, and Iberdrola Finance, Control and Corporate Development Director José Sainz Armada.