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

03/05/2018 12:48 Wind

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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”.

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