Reference: 20140587
Release date: 10 April 2015

Promoter – Financial Intermediary

ABENGOA SA

Location

Description

The project concerns selected investments of the promoter's RDI programme in the areas of biotechnology / chemical process development for advanced biorefineries, water treatment, advance power systems and renewable energy. The activities will be predominantly carried out in Spain between 2015 and 2018.

Objectives

The project corresponds to the EU policy orientations to promote private sector and competitive innovation. Part of the expenditures will take place in in less developed or transition regions. The project would hence be eligible for EIB financing under Article 309 of the EU Treaty, point c) "Knowledge Economy (i2)" – "Research and Development" and "Innovation" as well as a) Projects for developing less developed regions.

Sector(s)

  • Industry - Manufacturing
  • Energy - Electricity, gas, steam and air conditioning supply
  • Water, sewerage - Water supply; sewerage, waste management and remediation activities

Proposed EIB finance (Approximate amount)

EUR 155 million

Total cost (Approximate amount)

EUR 313 million

Environmental aspects

The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.

Procurement

The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.

Status

Signed - 6/07/2015

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Spain Industry Energy Water, sewerage