| Project Detail |
Financing of the Caparacena (330MWp) and Tagus (330MWp) solar photovoltaic projects and the El Escudo on-shore wind farm (151MW). Second allocation under the framework loan (FL) IBERDROLA REPOWEREU FRAMEWORK LOAN (2022-0896).
Objectives
The aim is to contribute to achieve the EU-wide target of reaching 42.5% of energy from renewable sources in gross final energy consumption by 2030, as set out in the current EU Renewable Energy (Directive EU/2018/2001 revised by EU/2023/2413). It also contributes towards the renewable energy targets as laid out in the Spains National Energy and Climate Plan (NECP). The operation is in line with both the EIBs cohesion objectives and with the lending priority related to renewable energy and climate action.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 409 million
Total cost (Approximate amount)
EUR 818 million |
