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POWER: EIB, Naturgy Enter €1bn Loan to Expand Spain’s Renewables by 2.3GW

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The EIB and Naturgy have signed the first €400mn tranche of a €1bn loan to boost Spain’s renewable energy capacity, with the funding projected to add 2.3GW, the EIB said.

  • The funding will support the construction of new solar and onshore wind power stations, modernisation of existing sites into hybrid facilities, and investments in energy storage.
  • The €1bn loan is part of the EIB’s action plan to advance the EU’s renewable energy goals and enhance energy independence.
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The EIB and Naturgy have signed the first €400mn tranche of a €1bn loan to boost Spain’s renewable energy capacity, with the funding projected to add 2.3GW, the EIB said.

  • The funding will support the construction of new solar and onshore wind power stations, modernisation of existing sites into hybrid facilities, and investments in energy storage.
  • The €1bn loan is part of the EIB’s action plan to advance the EU’s renewable energy goals and enhance energy independence.