The EIB allocates 66 million for photovoltaic projects in Spain

The winner of the investment, Natixis, will build 8 photovoltaic plants in Spain

The European Investment Bank has reached an agreement with the financing and investment bank Natixis whereby the latter will receive 66 million euros for the execution of two photovoltaic projects in Spain. Thanks to this investment, 8 photovoltaic plants will be built in Extremadura, Aragon and Castilla y León and another solar complex in Andalusia.

The European Investment Bank will provide Natixis with an amount of 66 million euros for the construction of photovoltaic plants in Spain.

Of the total of 66 million, 25 will be destined to the construction of 8 solar plants with a capacity of 245 MW. Together, they will produce 438 GWh of annual electricity, avoiding the emission of 204,000 tons of CO2.

The agreement has been signed at COP25 by Emma Navarro, vice president of the EIB and Jean-Philippe-Adam, maximum representative of the bank in Spain.

Photovoltaic projects financed by the EIB

Of the total of 66 million, 25 will be destined to the construction of 8 solar plants with a capacity of 245 MW. Together, they will produce 438 GWh of annual electricity, avoiding the emission of 204,000 tons of CO2. The plants will be located in Tordesillas, Valladolid (3); Salamanca (2 in Valdelosa and one in Palacios del Arzobispo); Casatejada, Cáceres (1); and Poleñino, Huesca (1).

The plants will be owned by Solaria Energía y Medio Ambiente SA, which will also be their developer and builder.

On the other hand, the second project financed by the EIB will be in Seville, in the municipality of Alcala de Guadaira. This complex will be possible thanks to the investment of 41 million euros and will be promoted by the Spanish company Novasol Invest La Isla.

The solar plant will have a capacity of 182 MW and an annual production of 341 GWh. During its construction phase, 300 jobs will be created, while the operation will leave 40 permanent employees.

Emma Navarro, Vice President of the European Investment Bank and responsible for the Bank’s climate action and its activity in Spain:

“The EIB will contribute in a very relevant way by mobilizing up to 1 billion euros of financing to promote the transition to a new economic model. Spain is called to play a very important role in the transition to a low carbon economy. Through projects like this, the EIB demonstrates the positive and direct impact of its activity on investments that favor clean energy in our country, contributing, at the same time, to job creation¨.