| Project Detail |
The operation consists of a funded delinked risk sharing with Caixabank in respect of an existing portfolio of project finance loans in the renewable energy and infrastructure sectors. Through EIB resources, new loans will be granted to eligible renewable energy and storage transactions in Italy, Spain and across Europe.
Objectives
The aim is to provide new loans to support eligible renewable energy transactions in Spain and across Europe. The operation contributes to the EU-wide target of 32% of energy from renewable sources in gross final energy consumption (RES) by 2030 as set out in the EU RE Directive (Directive (EU) 2018/2001). Additionally, it contributes to the national renewable energy targets, including Spains Integrated National Energy and Climate Plan (NECP), which aims for 42% renewable energy in the final energy consumption (RES) by 2030. It is envisaged for a number of projects to be located in EIB Cohesion Priority Regions. The project is therefore eligible under Article 309 (a) projects for developing less-developed regions and (c) common interest. The financing of this project would contribute to the EIBs lending priority policy on social cohesion, renewable energy and climate action.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 million |
