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European Investment Bank to finance 9 Spanish solar projects via Natixis

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European Investment Bank to finance 9 Spanish solar projects via Natixis

The European Investment Bank agreed to provide €66 million in project financing to French investment bank Natixis for two solar complexes in Spain.

Under the agreement — signed on the sidelines of COP25 climate meeting in Spain — the European Investment Bank will provide €25 million for the first complex, comprising eight solar parks with a combined generation capacity of 254 MW. The projects will be located in the municipalities of Tordesillas, Salamanca, Casatejada and Poleñino, and are owned by Solaria Energía y Medio Ambiente SA, according to a Dec. 12 press release.

The second loan, worth €41 million, will go to a 182-MW solar power plant in Alcalá de Guadaira, Seville, being developed by Novasol Invest La Isla.