Oil and gas company Galp has secured loans from the European Investment Bank (EIB) to support the construction of more than 2.1GWp of solar projects across Spain and Portugal.
Funding will back 18 PV plants in Spain of around 900MWp capacity awarded to Zero-E Solar in a 2017 auction, alongside various clean energy projects in the Netherlands, Austria and Italy.
Investment bank joins EIB as they co-sponsor 436MW portfolio in European country and also backs CVE’s 110MW distributed generation pipeline in South American state.
Major European lender backs plans by developer IM2 of 15 new plants in Southern state, the latest solar move for bank vowing not to sponsor fossil fuel ventures going forward.
European Investment Bank approves support to 218MW PV portfolio in Spain after drawing global headlines with vote to end funding to unabated coal, gas and others by 2021.
European Investment Bank mulls shifting lending to batteries and market-based clean energy projects as part of policy reboot to help EU lead fight against climate change.
The EU has committed to lending €145 million (US$163 million) and the ICO up to €140 million (US$156 million) to the largest solar project under construction in Europe.
SMA to supply inverters to 50MW Mali solar plant, EIB to provide US$87 million to Mexican solar, Solkompaniet completes largest solar project in West Sweden.
