Spain

The EIB Institute, the philanthropic and social impact arm of the European Investment Bank Group (EIB Group), has announced a donation of €300 000 to support communities affected by the flash flooding that devastated parts of Spain on 30 October and in the first few days of November. The donation will be channelled through the NGOs Save the Children Spain, SOS Children’s Villages and Casa Caridad.

The European Investment Bank (EIB) and EDP SA signed two loans totalling €700 million to finance the rollout of EDP Renewables’ energy projects in Portugal, Spain and Italy and the expansion and modernization of EDP´s electricity distribution networks in Spain and Portugal. EDP Renewables is a subsidiary of EDP SA

The European Investment Bank (EIB) has signed an €80 million loan with the Port Authority of Bilbao to finance the expansion and electrification of the port of Bilbao. The project supports maritime transport as an alternative to other more carbon-intensive modes, with the EIB financing also helping to make it more sustainable and efficient.