| Project Detail |
The project will finance the construction and operation of a set of renewable energy plants, such as solar photovoltaic, onshore wind and a battery storage in Spain, Portugal and Italy in the period 2024-2026.
Objectives
The aim is to finance part of the Promoters renewable energy pipeline. The project supports the REPowerEU initiative and contributes to the 2030 decarbonisation targets set out in the respective National Energy and Climate Plans. Most of the investments will be located in cohesion regions, being therefore eligible under Article 309 point (c) common interest. The underlying projects are expected to be economically justified, as it will generate economic benefits, notably in terms of climate action by stepping up investments in renewable energy, creation of economic activity and CO2 emission reductions.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 900 million
Total cost (Approximate amount)
EUR 1623 million |
