european investment bank

Spanish utility Iberdrola has signed a financing agreement worth €1 billion (US$1.08 billion) with the European Investment Bank (EIB) to build 19 solar power plants and three onshore wind farms in Europe.

French solar company Reden Solar has announced a plan to increase its new solar module production capacity to 200MW a year by 2024.

Masdar has reached financial close on three PV facilities in Uzbekistan with a combined capacity of approximately 877MW.

Independent producer of PV renewable energy Reden has inked a deal with financial institutions, including the European Investment Bank (EIB), Crédit Agricole Corporate and Investment Bank Milan branch and Natixis Corporate and Investment Banking, to fund a solar portfolio in Italy.

Spanish renewable energy provider Iberdrola has secured a €150 million (US$160 million) loan from the European Investment Bank (EIB) to develop 400MW of PV and wind projects in Italy.

Greek transmission system operator Independent Power Transmission Operator (IPTO) has signed a long-term loan agreement with the European Investment Bank (EIB) to finance a power connector between mainland Greece and outlying islands.

The European Investment Bank (EIB) has committed €28.5 million (US$30.8 million) to support the construction of 230MWp of solar PV projects in Greece’s Western Macedonia Region.

The European Investment Bank (EIB) has signed separate agreements with Polish state-owned utility PGE Polska Grupa Energetyczna (PGE) and Czech energy utility company ČEZ to help modernise the distribution networks of both countries.

The European Commission (EC) and the European Investment Bank (EIB) have agreed to provide €10 billion (US$10.1 billion) in support to regions most affected by the shift away from fossil fuels

German investment firm Aquila Capital has raised €1 billion in financing to support the development and construction of a 2.6GW renewables pipeline in Spain and Portugal over the next three years.