EIB financing to Spanish Endesa on a renewable project

Source: International Energy Agency
Last updated: 28 February 2022

The European Investment Bank is providing EUR 250 million to the Spanish company Endesa, the largest electricity company in the country. The financing will be used for the construction of renewable energy generation facilities, to the end diversifying energy production, improving security of supply and fulfilling the renewable energy targets of Spain.

The fund will be used by Endesa to build three photovoltaic plants and a wind farm, totalling 645 MW.

The operation represents the first EIB financing related to sustainability criteria and in respect of the United Nation Sustainable Development Goal 13 (Climate Action).

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