Acciona secures EUR-110m EIB loan for RD&I, digitalisation

Acciona float PV park. Image by Acciona (www.acciona.com)

July 14 (Renewables Now) - Spain’s Acciona SA (BME:ANA) has secured EUR 110 million (USD 110.7m) in financing for its Research, Development & Innovation (RD&I) activities and digitalisation initiatives in renewable energy and regenerative infrastructures.

The loan was granted by the European Investment Bank (EIB) with a term until 2024. It will allow the Spanish company to invest in new clean energy technologies, water treatment and desalination, as well as to boost innovation in the use of sustainable construction materials.

A portion of the financing equal to EUR 43 million will be set aside for the RD&I and digitalisation activities of Acciona Energia (BME:ANE), including its experimental wind farms in Navarre, Extremadura and Castile-La Mancha, among others.

The loan will also be beneficial to the group's Infrastructure and Digital Transformation innovation centres in Madrid, and its Innovation Center for Water Treatment in Barcelona.

(EUR 1.0 = USD 1.007)

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