The European Investment Bank will invest €26 million in a 218-MW Spanish solar portfolio being developed by IM2 Energia Solar, according to a Dec. 10 announcement.

The Solar Storm 200 project will comprise 15 solar parks that will be built in the autonomous communities of Extremadura, Andalusia, the Valencia region and Murcia.

The agreement between the European Investment Bank and IM2 is supported by the European Fund for Strategic Investments.