Release date: 10 April 2015
Promoter – Financial Intermediary
ABENGOA SALocation
Description
The project concerns selected investments of the promoter's RDI programme in the areas of biotechnology / chemical process development for advanced biorefineries, water treatment, advance power systems and renewable energy. The activities will be predominantly carried out in Spain between 2015 and 2018.
Objectives
The project corresponds to the EU policy orientations to promote private sector and competitive innovation. Part of the expenditures will take place in in less developed or transition regions. The project would hence be eligible for EIB financing under Article 309 of the EU Treaty, point c) "Knowledge Economy (i2)" – "Research and Development" and "Innovation" as well as a) Projects for developing less developed regions.
Sector(s)
- Industry - Manufacturing
- Energy - Electricity, gas, steam and air conditioning supply
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 155 million
Total cost (Approximate amount)
EUR 313 million
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.
Status
Signed - 6/07/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).