(IN BRIEF) The EIB has provided Iberdrola with two €25 million loans—half from its own funds and half via Spain’s Regional Resilience Fund—to back il·lumina, the utility’s project to reconstruct and future‑proof the Valencia distribution grid damaged in the 2024 floods. … Read the full press release →
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Marketing, News, Spain, Technology
Tagged climate resilience, digitalisation, EIB, energy security, European Investment Bank, Iberdrola, il·lumina, Ministry of Economy Trade and Enterprise, NextGenerationEU, partnership, power distribution grid, reconstruction, Recovery Transformation and Resilience Plan, Regional Resilience Fund, renewable integration, REPowerEU, smart transformers, substations, sustainability, underground cables, Valencia floods 2024, €50 million loans
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