The European Investment Bank will support Iberdrola with a EUR145 million (US$162.4 million) loan for a renewable energy project in Spain.
The project involves the development of a 500 MW Nunez de Balboa solar scheme located in Usagre (Badajoz province, Extremadura region). The facility will prevent 215,000 tons of CO2 a year. It will use 1,000 hectares of land. It can generate power to supply 250,000 households annually.
The financing is still subject to environmental and social standards, as well as the EU procurement legislation.
Project owners besides Iberdrola are local Spanish companies, such as Ecoenergias del Guadiana, Imedexsa, Cubillana, Elaborex and Instituto Aeronautico.
The construction of the solar park commenced in March 2019.
Country updates
-
-
May 27, 2019
Ence financing of 50 MW solar project receives the Standard & Poor’s Green Assessment
In the end of 2018 Ence Energía y Celulosa has closed financing for the purchase of 90% of the Termollano solar plant in Puertollano, for an amount of EUR110 million (US$113 million). The opera...
Read more -
May 27, 2019
Ellomay obtains financing for four solar projects in Spain
Ellomay Capital Ltd. has announced the signing of a credit agreement with Bankinter for a total amount of approximately EUR18.4 million (US$21 million) to finance the construction and commissioning of...
Read more -
May 22, 2019
Spanish government approves construction of 111 MW wind project
The Spanish government of Navarre region has given its approval for the construction of 111 MW Cavar wind farms. Cavar Complex is composed of four wind parks in the Cadreita and Valtieera municipal a...
Read more -
May 21, 2019
Enzen commissions Bombora Wave Power for the 4 MW wave energy project development in Lanzarote
Enzen has selected Bombora Wave Power to supply the grid-connected wave farm to be located in the Atlantic Ocean on the north side of Lanzarote, Spain. The 4 MW wind energy farm...
Read more -
May 20, 2019
Elecnor to provide EPC services on 231 MW wind portfolio in Spain
Elecnor has been awarded a EUR47 million (US$52.4 million) contract for the construction of six wind farms in Zaragoza. The wind farms, developed by Forestalia, will have a total installed capacity of...
Read more
