November 27, 2024 17:05 GMT
POWER: EIB, Enel Sign €250mn Loan to Cut Emissions, Boost Italy’s Grid
POWER
The EIB and Enel’s E-Distribuzione have signed a €250mn sustainability-linked loan aimed at reducing greenhouse gas emissions, while also enhancing Italy's power grid resilience and digitalisation, the EIB said.
- Enel is committing to a key target of cutting its carbon intensity to below 125 gCO2eq/kWh by 2026, with a further reduction to 72 gCO2eq/kWh by 2030.
- This is the first tranche of a €500mn sustainability-linked loan.
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