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.


Romania's OMV Petrom reports new gas discovery

09/10/2019 09:21:00

Romania's top oil and gas group OMV Petrom said on Tuesday said it has discovered new hydrocarbon resources in Gorj county, in Oltenia region.


Exxon to make $500 million initial investment in Mozambique LNG project

08/10/2019 15:32:00

Exxon Mobil plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique.


Qatar building large CO2 storage plant

08/10/2019 15:26:00

Qatar commissioned a carbon capture-and-storage plant and aims to sequester five million tonnes of carbon dioxide from its liquefied natural gas (LNG) facilities by 2025.