EIB loan to co-finance solar photovoltaic in the Iberian Peninsula

Source: International Energy Agency
Last updated: 2 March 2022

Spain and Portugal from 2021 to 2024 signed an agreement to grant loans worth EUR 100 million in total for solar photovoltaic and onshore wind projects on the Iberian Peninsula, with the European Investment Bank (EIB). The project is expected to support the installation of some 430 MW of new renewable energy capacity, equivalent to the annual energy use of more than 200 000 households. 

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