The European Investment Bank (EIB) approved a €700 million green loan to expand Iberdrola’s electricity-distribution grid in Spain. An initial, €500 million tranche was signed in Madrid by EIB Director General for European Union Operations, Jean-Christophe Laloux, and Iberdrola Finance, Control and Corporate Development Director José Sainz Armada. The total investment under the project amounts […]
Spain: EIB and Otua sign €40 million loan to back the construction of a waste recycling plant in the Basque Country
The European Investment Bank (EIB) and Basque Country-based Otua Group have signed a €40 million loan to finance the construction of a new plant for recycling plastics from automotive waste and to upgrade existing facilities for processing metal waste. The EIB loan promotes the transition to circular economy – in which industrial materials get reused rather […]
Brazil: EIB lends €300 million to Banco Santander Brasil for small-scale solar energy investments
The European Investment Bank (EIB), the world’s largest multilateral public bank, and Banco Santander (Brasil), the largest foreign bank in Brazil, have signed an agreement to foster the use of renewable energy in Brazil. Ricardo Mourinho Félix, Vice-President of the EIB, and Carlos Rey de Vicente, Banco Santander’s Regional Head for South America, signed a […]
The Commission and the European Investment Bank announce the creation of HERA Invest
The Commission and the European Investment Bank announce the creation of HERA Invest, a €100 million top-up to the InvestEU programme, to support research and development (R&D) in the most pressing cross-border health threats, financed by the EU4Health programme. Currently, European companies find it difficult to access sufficient public and private funding for the development and scaling up of cutting-edge solutions in health […]
Commission and EIB announce €18M to boost investment in climate actions
The European Commission and the European Investment Bank have announced €18 billion in funding under Global Gateway, Europe’s investment strategy for partner countries. It will stimulate investment in Global Gateway priority areas (climate action, clean energy and connectivity) in European partner countries around the world. In particular, these projects will work to address the global […]
EIB underwrites €55m green loan for wind farm in Castile and León
The European Investment Bank (EIB) has officially approved a EUR 55 million green loan to a joint venture between Iberdrola (75%) and Caja Rural de Soria (25%) for the construction of one of Castilla y León’s largest wind farms. The Buniel wind farm in the province of Burgos has a total capacity of approximately 100 […]
€700 million for businesses affected by the COVID-19 crisis in Spain
The European Investment Bank (EIB) has signed a new agreement with Banco Sabadell under the Pan-European Guarantee Fund (EGF), which is part of the €540 billion package of measures with which the European Union is responding to the economic impact of COVID-19. The EIB will provide Banco Sabadell with a guarantee of up to €300 million to finance […]
EIB provides €300 million in financing to Banco de Sabadell to support Spanish companies affected by the pandemic
The European Investment Bank (EIB) is joining forces with Banco de Sabadell to expand its capacity to lend to small and medium-sized enterprises (SMEs) and mid-caps hit by the economic impact of the COVID-19 pandemic. To this end, the EIB will provide €300 million in financing to enable the Spanish bank to mobilise a total of […]
EIB and Banca March support spanish companies affected by the COVID-19 crisis
The EIB Group will provide a total of €270 million to Banca March via three agreements, to mobilise over €600 million for Spanish companies. The European Investment Bank (EIB) and Banca March are joining forces once again to support the economic recovery of Spanish small and medium-sized enterprises (SMEs – up to 250 employees), mid-caps (between 250 […]