Spain

The EIB Group outlined the progress of the European Tech Champions Initiative (ETCI) – the fund of funds promoted by the European Union and participating EU Member States to foster the growth of cutting-edge technology startups with high growth potential (scale-ups) – today in Madrid. This initiative is led by the European Investment Fund (EIF), the EIB Group's specialist provider of investment capital to benefit small and medium-sized enterprises (SMEs) and mid-caps.

The European Investment Bank (EIB) has approved a €300 million loan to finance the construction of the Salto de Chira pumped-storage hydroelectric power plant being built by Red Eléctrica, a subsidiary of Redeia, in Gran Canaria.

The European Investment Bank (EIB) is providing €260 million to finance the improvement and expansion of water infrastructure managed by Ente de Abastecimiento de Agua Ter-Llobregat (ATL) in the province of Barcelona. ATL is a public sector entity under the auspices of the Government of Catalonia.