Posted by: Windfair Editors
Grid improvements are on their way in Spain
Official Press Release Iberdrola:
The EIB and Iberdrola have signed a 500 million euro loan for the modernisation of electricity distribution networks in Spain
The projects are set to create up to 6,000 direct and indirect jobs during their implementation
Iberdrola has signed a 500 million euro loan with the European Investment Bank (EIB). The purpose of this agreement is to finance the modernisation of the electricity distribution networks and the digitisation of the company's electricity meters Spain, with the aim of continuing to improve the quality of service it provides to its customers. Funding by the EIB will enable Iberdrola to complete the implementation of its STAR project (Grid Remote Management and Automation System), an ambitious Iberdrola initiative that complements the legal obligation to change meters - those less than or equal to 15 kilowatts, which, in Iberdrola's case, means 10.6 million devices... ... More: Official Press Release Iberdrola
