25 August 2021
A new agreement has been signed by the European Investment Bank (EIB) in Spain in order to lend € 50 million in financing wind farms.
With the support of the Investment Plan for Europe, the EU bank has signed a EUR 50 million loan to finance a wind power project developed by the Spanish firm Forestalia Renovables. Together with EUR 120 million provided by a syndicate of commercial banks, the EIB loan will finance the construction and operation of nine wind plants with a total capacity of 300 MW.
The shareholders in the “Goya” project are Mirova, a subsidiary of Natixis dedicated to responsible investment, General Electric, Engie and Forestalia itself.
The EU bank, the multilateral institution providing most finance for climate action worldwide, is providing this loan under the Juncker Plan’s European Fund for Strategic Investments (EFSI).