EIB and Naturgy secure €1bn loan for Spain’s renewable energy expansion
The European Investment Bank (EIB) and Naturgy have finalized a €1 billion ($1.05 billion) loan to advance renewable energy projects in Spain. The first tranche of €400 million ($422 million) was signed in Madrid, marking a key milestone in Spain’s energy transition. The funding will support the development of new solar and onshore wind power stations, upgrades to existing facilities for hybrid operation, and battery storage investments. The initiative is expected to expand Spain’s renewable…