EU backs seven solar power plants in Spain with €54m financing

They will have a total capacity of 261MW and generate enough electricity to power around 121,300 Spanish homes

Big Zero Report 2022

The European Investment Bank (EIB) has signed an agreement with Solaria Energía y Medio Ambiente to help finance seven solar power plants in Spain.

It is providing a total of €54 million (£46m) for the projects located in Castilla y León, Castilla-La Mancha and Extremadura, with a total capacity of 261MW.

They are expected to generate around 477GWh of green electricity a year, equivalent to powering around 121,300 Spanish homes.

EIB Vice President Ricardo Mourinho Félix said: “As the EU climate bank, we are delighted to be promoting the development of infrastructure for renewable energy generation to help contribute to sustainable economic growth and the creation of high-quality employment in Spain.

“This operation once again demonstrates the EIB’s strong commitment to clean technologies as a key element for achieving Europe’s goal of reaching climate neutrality by 2050.”

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