The European Investment Bank (EIB) will finance a solar power plant in Spain and two wind farms in Austria. The projects are supported by the European Fund for Strategic Investments.
For the former, Bei plans a loan of € 43.5 million for the construction and operation of the Cabrera photovoltaic solar system, with a peak capacity of 200MW, the largest plant in Andalusia. The plant will provide enough clean energy to supply around 145 thousand families per year and will employ 350 people under construction. The second agreement concerns a 63 million loan for the construction and operation of two new wind farms in Austria.
"Investing in renewable energy is essential to achieve the objectives of the European Green Deal and achieve climate neutrality by 2050," said Commissioner for Economy Paolo Gentiloni.