EIB okays EUR 4.3bn in energy financing deals

The European Investment Bank (EIB) today approved EUR 4.3 billion (USD 4.9bn) in financing deals for energy projects, including renewables, in Europe and India.

The list of projects includes onshore wind, hydropower and smart meter projects in Italy, and energy efficiency, solar, wind and district heating projects in France. Also, funds will go for natural gas distribution projects in Ireland and Spain, and renewable energy and energy efficiency in India.

In a separate press release, the EIB announced the signing of a risk-sharing agreement with Banco Santander SA (BME:SAN), to help the Spanish bank finance investments of at least EUR 400 million in new renewable energy projects. As part of this operation, the EIB will participate with EUR 200 million in a Banco Santander loan portfolio covering renewables and infrastructure.

(EUR 1 = USD 1.15)

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