European Investment Bank will offer €50 million for the construction of nine wind parks in Spain

03/05/2018 12:48 Wind


The European Investment Bank (EIB) alongside with the Investment Plan for Europe, has inked a €50 million loan accord to fund a wind power project developed by the Spanish company Forestalia Renovables.

Together with €120 million offered by a syndicate of commercial banks, the EIB loan will back the building and operation of nine wind plants with an overall capacity of 300 megawatts (MW).

Overall, 82 wind turbines with a total electricity generation capacity of more than 900 gigawatts-hours per year and no pollutant emissions will be released.

The EIB-funded project will also create 700 temporary work places during the construction stage and 50 permanent jobs when it becomes functional.

The loan will be offered by the EIB under the Investment Plan for Europe, known as the “Juncker Plan”.

Daily (04.12.2019): Carbon price plummets to a two-week low on Tuesday amid a weak energy complex

04/12/2019 10:47:00

Crude oil prices ended on a mixed note on Tuesday, with Brent hitting its lowest level since Oct.21, while WTI prices increased for a second consecutive session. Brent decreased by 10 cents, or 0.2% to end at $60.82 a barrel, following comments from the U.S. President Trump that a trade deal with China might be delayed, feeding uncertainty over demand. WTI rose by 14 cents, or 0.3%, to close at $56.10 a barrel, extending the 1.4% gain registered on Monday.


Albania, Kosovo agree to set up common energy market

04/12/2019 09:05:00

Kosovo’s power transmission system operator KOSTT said it has signed an agreement with its Albanian peer OST to set up a common energy market of the two neighboring countries.


Edison to build 760MW gas-fired thermoelectric power plant in Italy

04/12/2019 09:00:00

Italy’s Edison is planning to build 760MW natural gas-powered thermoelectric power plant in Presenzano in the province of Caserta, with an investment of €370m ($408m).