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.
Energy distributor inks latest deal of busy 2019 as it agrees to buy annual 100GWh from innogy’s 50MWp Alarcos solar project, due to go live over the first half of 2020.
The funding will go towards the development of four plants contracted to generate energy for Spanish oil giant Repsol and move the manufacturer-turned-developer closer to its aim of deploying 3GW by 2023.
EPC multinational marks operational launch of solar assets in Chile and India as January-September 2019 revenues nearly double year-on-year but net profit more than halves.
Firm sees slight revenue dip and minor EBITDA jump in first nine months of year when overseas PV portfolio reached 1.138GW, with new solar plays in Europe and America.
Heidelberg-based firm turns to Southern European state for first unsubsidised solar venture after deploying conventional projects in Germany and the UK.
