EIB helps push Spanish electricity distribution with loan

Image: Gas Natural FenosaImage: Gas Natural Fenosa
Gas Natural Fenosa gets a loan of 450 million to invest into the grid and new wind farms

Official Press Release Gas Natural Fenosa:

Gas Natural Fenosa and EIB sign loan of 450 million for wind farms and electricity distribution in Spain

The loan will be allocated to financing part of the electricity distribution business, as well as a number of investments in renewable energy by the power group in Spain / The agreement with the European Investment Bank (EIB) forms part of the goal to increase average debt life and diversify the company's funding sources by enlarging the proportion of institutional financing

The European Investment Bank (EIB) and GAS NATURAL FENOSA have signed a loan for a total amount of 450 million euros, which the power group will allocate to financing part of its electricity distribution business and developing renewable energy projects in Spain. The EIB financing will help GAS NATURAL FENOSA’s electricity distributor, Unión Fenosa Distribución, implement its... ... More: Official Press Release Gas Natural Fenosa

Gas Natural Fenosa, EIB, loan, Spain

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