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Netherlands: Optics11 to revolutionise protection of undersea cables with EU loan
The European Investment Bank (EIB) has signed a €25 million venture debt financing agreement with Dutch fibre-optic sensor innovator Optics11. The company uses advanced fibre-optic sensing technology with applications in two core critical sectors for European strategic autonomy: Energy and Underwater Security.
EIB backs Europe’s first gallium production investment with €90 million financing to METLEN in Greece
The European Investment Bank (EIB) has approved €90 million in financing to METLEN Energy & Metals, supporting strategic investments at the company’s historic Aluminium of Greece industrial complex, in Central Greece aimed at strengthening the European Union’s supply of bauxite and gallium, two critical raw materials essential for Europe’s green and digital transitions.
EIB and Iberdrola sign €175 million green loan, guaranteed by Cesce, to support the construction of Tâmega wind farms in Portugal
The European Investment Bank (EIB) has signed a €175 million green loan with Iberdrola to support the construction and operation of two new wind farms in northern Portugal. These facilities will have a combined capacity of 274 MW, capable of supplying clean energy to 400.000 people, and will be integrated in Iberdrola´s Tâmega pumped storage hydropower complex, (also called “the Tâmega gigabattery”). It will be the first project with a hybrid connection between pumped storage and wind power in Portugal and one of the largest energy initiatives in the country.