Release date: 25 November 2016
Promoter – Financial Intermediary
GAS NATURAL SDG SALocation
Description
Investments to support the development of new wind farms in the Canary Islands and to modernise electricity distribution infrastructure throughout Spain during the 2016-2019 period
Objectives
The operation includes several onshore windfarms of different sizes with a cumulated capacity close to 50MW in the Canary Islands as well as improvements to the electricity distribution investments in networks in terms of operational efficiency, higher quality standards and number of system users.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 450 million
Total cost (Approximate amount)
EUR 1008 million
Environmental aspects
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation.
Status
Signed - 6/07/2017
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).