More press releases
Spain: EIB and Iberdrola agree a €700 million green loan for power grid expansion
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.
Germany: EIB shows strong commitment to TenneT’s grid expansion in Bavaria
The European Investment Bank (EIB) is providing electricity transmission system operator TenneT with a senior loan of €450 million. The project comprises the construction of a 185 km long electricity transmission corridor — the Ostbayernring — connecting Redwitz to Schwandorf in the south-east of Germany. The project is part of the federal grid expansion plan that aims to increase the grid’s capacity and prepare it for better integration of renewable energy.
Spain: EIB approves €700 million loan to support the extension of Naturgy’s electricity distribution network
The European Investment Bank (EIB) has approved a €700 million loan to support the extension and modernization of Naturgy’s electricity distribution network in Spain. The first tranche of the loan, totaling €500 million, has been signed in Madrid. The financed project will expand and modernise the electricity distribution network and improve the reliability and security of supply.