EIB approves loan to support Repsol’s renewable energy rollout

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The financing signed today amounts to €400 million and is the first tranche of the total approved loan, which will support the rollout of wind and solar power plants with a total capacity of 1.1 GW / This operation contributes to the REPowerEU objective of increasing security of energy supply by reducing EU dependency on imports of fossil fuels / The agreement also supports Repsol’s objective of reaching 20 GW of installed renewables capacity in 2030 and zero net emissions by 2050

The European Investment Bank (EIB) has granted a €575 million loan to support Repsol’s rollout of wind and solar PV plants in Spain with a total capacity of 1.1 GW. The renewable energy facilities will be operational before the end of 2025.  The projects developed will... ... More: Official Press Release Repsol

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EIB, Repsol, investment, loan, renewable energy, solar, wind farm, Spain, EU, energy security, energy transition, plant, rollout, GW, facility, support