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EIB grants €120 million loan to Iberdrola for energy innovation in Spain

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The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation technologies such as green hydrogen and heat…

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France to launch 9.2 GW offshore wind tenders

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France is preparing to launch tenders for two fixed and three floating offshore wind farms, totalling 9.2GW, in the autumn and winter of 2024/25.  The French Energy Ministry has identified key locations for these projects, including offshore areas near Fecamp in northwest France, Brittany, the western Gascogne Gulf, and the southern Mediterranean coast. French Energy Minister Olga Givernet, during a visit to Fecamp, emphasized that the installations align with France’s strategy to reach 45 GW…

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UK secures £24bn in green energy investments

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The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to create thousands of jobs and drive growth in the UK’s clean energy sector, spanning from Yorkshire to Suffolk, Aberdeen, and Stow. Key companies involved include Iberdrola, Ørsted, SeAh Wind, Macquarie, BW Group, and Holtec, with substantial commitments to renewable energy projects. Iberdrola’s subsidiary…