(IN BRIEF) The European Investment Bank (EIB) and Endesa have signed two loan agreements totalling €650 million to support the modernisation and digitalisation of Spain’s electricity distribution network. The financing package includes €500 million from the Regional Resilience Fund managed … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Financial, Industrial, Investment, Luxembourg, News, Spain
Tagged Climate Action, Cohesion Regions, digitalisation, EIB, EIB and Endesa drive energy transition with €650 million investment in smart and climate-resilient grids, EIB and Endesa secure €650 million financing to strengthen and digitalise Spain’s electricity grid, electricity distribution, Endesa, European Investment Bank, FRA, grid resilience, Ministry of Economy Trade and Enterprise, Next Generation EU, Regional Resilience Fund, renewable energy integration, REPowerEU, smart meters, Spain, substations
(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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