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Spain: EIB and Aragón regional government sign €234 million loan financing projects to back the green and digital transition, small businesses, innovation, jobs and rural development
The European Investment Bank (EIB) has signed a €234 million loan with the government of the Spanish region of Aragón to co-finance investments promoting the dual green and digital transition, boosting the competitiveness of local industry, helping to provide better public services and supporting economic development in rural areas at risk of depopulation. This is the first tranche of a loan totalling €260 million approved by the EIB.
Spain: EIB Group and BBVA provide €185 million for sustainable housing projects promoted by small businesses and mid-caps
The EIB Group – made up of the European Investment Bank (EIB) and the European Investment Fund (EIF) – has signed a new €93 million synthetic securitisation operation with BBVA for 100% green projects. This investment will allow BBVA to mobilise around €185 million to finance the construction of residential buildings with near-zero emissions by small and medium firms (SMEs) and mid-caps in Spain’s real estate sector.
EIB Group President Nadia Calviño and Spain’s Third Deputy Prime Minister and Minister for the Ecological Transition and the Demographic Challenge Sara Aagesen visit the works site of the Salto de Chira hydroelectric power plant promoted by Red Eléctrica, a key project for electricity security in the Canary Islands
Good progress is being made in the construction works for the Salto de Chira hydroelectric power plant in Gran Canaria, which are being completed by Red Eléctrica. The projects is being co-financed by the European Investment Bank (EIB) and supported by the European Regional Development Fund (ERDF). In January, two work tunnels were connected – one of the most significant milestones in the works so far. The components needed to connect the dam in Soria and the desalination plant will pass through these two work tunnels.