EU backs 21 wind farms in Spain with €385m financing

06/08/2019 08:51 Wind


The European Investment Bank (EIB) is lending up to €385 million (£354m) to support the construction of 21 new wind farms in Spain.

They will be located in six autonomous communities – Andalusia, Asturias, Castilla-La Mancha, Castilla León, Galicia and Navarra – and have a total installed capacity of 547MW, generating enough electricity to power around 360,000 homes.


The wind farms were Saudi Arabian energy group Alfanar’s winning bids in the renewable energy auction in Spain in July 2017.


The EIB, which recently proposed to stop funding new fossil fuel projects by 2020, is initially providing €44.2 million (£41m) to develop the first phase of the project.


US wind additions to peak at 14.6 GW in 2020 - Wood Mackenzie

13/09/2019 11:22:00

The US wind industry will witness the addition of a record 14.6 GW of capacity in 2020 as developers are rushing to complete their projects ahead of the planned phase-out of the federal production tax credit (PTC), Wood Mackenzie says.


SSE to sell energy services unit to OVO Energy in 500 million pound deal

13/09/2019 11:16:00

SSE Plc (SSE.L), one of Britain’s big six energy suppliers, said it had agreed to sell its energy services unit to OVO Group for 500 million pounds ($617.6 million), including debt, as it looks to focus on renewable energy and electricity networks.


Floating wind-to-hydrogen plan to heat millions of UK homes

13/09/2019 11:09:00

Project aiming to deploy 4GW, £12bn 'green hydrogen' array in the North Sea is backed by UK government