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EIB provides €243m green loan to ERG Group for renewable projects

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The European Investment Bank (EIB) has committed €243m ($255m) to finance renewable energy projects by wind and solar operator ERG Group.  The funding will advance renewable energy development across Italy, France, and Germany, aligning with EU energy targets and national climate plans. The EIB’s green loan supports ERG’s 2024–2026 Business Plan, which focuses on expanding its renewable portfolio and strengthening funding sources. The financing will facilitate the construction of three new onshore wind farms in…

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Boralex and Saint-Gobain sign 20-year renewable PPA in France

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Boralex Inc. and Saint-Gobain have signed a 20-year renewable power purchase agreement (PPA) in France, covering three power plants that will supply renewable electricity to Saint-Gobain’s industrial sites.  The agreement includes two solar parks and one wind farm, set to commence operations between Q1 2026 and Q1 2027.  These facilities are expected to generate approximately 110 GWh annually, meeting the electricity needs of over 50,000 residents and fulfilling around 10 per cent of Saint-Gobain’s power…