EIB and Iberdrola sign €175 million green loan, guaranteed by Cesce, to support the construction of Tamega wind farms in Portugal
Portugal, Jan. 15 -- The European Investment Bank (EIB) has signed a €175 million green loan with Iberdrola to support the construction and operation of two new wind farms in northern Portugal. These facilities will have a combined capacity of 274 MW, capable of supplying clean energy to 400.000 people, and will be integrated in Iberdrola's Tamega pumped storage hydropower complex, (also called "the Tamega gigabattery"). It will be the first project with a hybrid connection between pumped storage and wind power in Portugal and one of the largest energy initiatives in the country.The new EIB loan is guaranteed by the Spanish export credit agency, Cesce. This is the second EIB-financed operation with Iberdrola backed by Cesce's guarante...
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