EIB INVESTS HEAVILY IN SPAIN WIND POWER
July 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has unveiled plans to lend up to Euro 727.50 million to build up to 30 wind farms in Spain, with a combined capacity of around 900 MWe. These medium and large scale wind farms would be set up this year and next in economically hard pressed areas across Spain, classed by the European Union (EU) as 'Objective 1' and so eligible for various EU regional aid programmes. This is one reason why the EIB is considering making such a large low interest loan. But also, the project, coordinated by Iberdrola Energías ...
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