EIB is lending €50 million in financing to Forestalia Renovables for the construction of nine new wind farms.
The European Investment Bank (EIB) has signed a new agreement in Spain with the backing of the Juncker Plan’s European Fund for Strategic Investments (EFSI), the European Commission said on April 26.
According to the EC, the EIB is lending €50 million in financing to Forestalia Renovables for the construction of nine new wind farms in the region of Aragón. An additional €120 million is coming from the private sector.
Climate Action and Energy Commissioner Miguel Arias Cañete hailed the financing of these nine wind farms in Aragón.
“Europe will always push to support projects that invest in the transition to clean energy and job creation. Investing in renewables means investing in quality jobs,” Cañete said. “Spain has the potential to be the benchmark for renewable energies and sustainable long-term job creation. These projects provide an example of this potential and they will certainly not be the last.”