EIB to lend funds for 74 MW of wind in Europe, Mexico PV

Author: EIB. License: All rights reserved

March 16 (Renewables Now) - The European Investment Bank (EIB) on Thursday approved financing for several renewable energy projects globally, among which are 74 MW of wind schemes in Austria and Greece and three solar projects in Mexico.

The two wind schemes that will benefit from the EIB funds involve the construction of a wind park in northern Greece and the repowering of Austria’s Tauernwindpark, located in the Niedere Tauern mountain range. As announced in November 2017, Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) will supply nine V112-3.45 MW turbines for the repowering project that will lift the plant’s capacity to 31.05 MW from 22.75 MW.

Funds for the two wind schemes will come from a EUR-2.3-billion (USD 2.8bn) package designated for projects in Europe.

The EIB has also committed to extend money for the construction of three new solar plants in Mexico, details about which were not provided.

In its press statement, the EIB said it will provide a total of EUR 8 billion to support 34 projects in the European Union, Africa, Asia and Latin America. Those schemes are focused on education, energy telecommunications, transport, urban development and business lending programmes.

(EUR 1.0 = USD 1.231)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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