2024-02-21
http://w3.windfair.net/wind-energy/news/45721-eib-financing-bank-eu-europe-naturgy-spain-grid-electricity-distribution-network-energy-supply-energy-security-renewable-energy

EIB supports extension of Spanish electricity distribution network

Image: PixabayImage: Pixabay
It will increase the integration of renewable energy sources into the network, contributing to the decarbonisation of the Spanish energy mix.

Official Press Release EIB:

Spain: EIB approves €700 million loan to support the extension of Naturgy’s electricity distribution network

Wind Industry Profile of
Spain: EIB approves €700 million loan to support the extension of Naturgy’s electricity distribution network

The project financed will facilitate the connection of new users, advance network digitalization, and improve the reliability of supply / It will increase the integration of renewable energy sources into the network, contributing to the decarbonisation of the Spanish energy mix / More than 75% of the total associated investment will be rolled out in regions where per capita income is less than the EU average, thus contributing to economic, social, and territorial cohesion / The operation contributes to the REPowerEU objective of increasing the security of energy supply and reducing EU’s dependency on imports of fossil fuels

The European Investment Bank (EIB) has approved a €700 million loan to support the extension and modernization of Naturgy’s electricity... ... More: Official Press Release EIB

Keywords:
EIB, financing, bank, EU, Europe, Naturgy, Spain, grid, electricity, distribution network, energy supply, energy security, renewable energy







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