to-the-point: EDPR gets EUR-150m loan for renewables in Mexico, Brazil

Wind turbines in Mexico. Author: Presidencia de la Rep├║blica Mexicana.

June 24 (Renewables Now) - The European Investment Bank (EIB) signed last week a EUR-150-million (USD 169.5m) loan to EDP Renovaveis SA (ELI:EDPR) aimed at supporting renewable energy and energy efficiency projects in Brazil and Mexico.

The renewable energy arm of Portuguese utility EDP - Energias de Portugal SA (ELI:EDP) has set out to develop and carry out large-scale onshore wind and solar photovoltaic (PV) installations under a project named Latam Sustainable Power Generation FL.

According to the EU lender, EDPR will invest approximately EUR 700 million in its operations in Brazil and Mexico.

(EUR 1.0 = USD 1.13)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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