EIB to back renewables in Belgium, Spain, Portugal
EIB to back renewables in Belgium, Spain, PortugalAuthor: EIB. License: All rights reserved
July 19 (Renewables Now) - The European Investment Bank (EIB) has approved more than EUR 3.4 billion (USD 3.96bn) in financing for clean energy projects globally, among which is an offshore wind farm in Belgium.
The funds will be allocated to support investment in the renewable energy and energy efficiency, construction of near-zero energy buildings, hydropower plants (HPPs) and district heating systems. Apart from the Belgian offshore wind project, the name of which was not disclosed, EIB w ill also back solar projects in Spain and three HPP projects in Portugal, the lender said on Wednesday.
Part of the financing will be distributed for projects aiming to help Jamaica cut its power losses and for initiatives promoting domestic renewable energy in the Netherlands.
The financing is part of a EUR-12.6-billion funding package that the EIB has approved for 83 projects in Europe, Asia, Latin America and Africa. The schemes are focused on energy, transport, communications and urban development.
(EUR 1.0 = USD 1.164)
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Veselina Petrova is one of SeeNews Renewables most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.More articles by the author 5 / 5 free articles left this month Get 5 more for free Sign up for Basic subscription Get full access Sign up for Premium subscriptionSource: Google News Belgium | Netizen 24 Belgium