Home world EDP ​​Renewables "grabs" EIB 45 million for three wind farms in Portugal


EDP ​​Renewables "grabs" EIB 45 million for three wind farms in Portugal

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EDP ​​Renewables "grabs" EIB 45 million for three wind farms in Portugal

Today´s Deals

The European Investment Bank (EIB) will grant 45 million euros to the Wind Power Line, wholly owned by EDP Renováveis, for the construction of three wind farms in Portugal.

The announcement was made during COP 25, the 25th United Nations Framework Convention on Climate Change, in Madrid. The electricity company will also be able to count on co-financing from the Portuguese Investment Bank (BPI).

The three wind farms have a capacity of 96 megawatts (MW) and are distributed throughout the north and west of the country.

The 20.5 MW Maunça Wind Farm will rise in the Batalha and Leiria area, the 28.8 MW Vigia Wind Farm is born in Tarouca and the Penacova Wind Farm will be located there. name, where the largest capacity of 46.8 MW will be concentrated.

These wind farms are designed to be connected to the medium voltage grid. The projects involve 240 jobs during the execution phase, the company adds in a statement.


"EIB funding to EDPR will help Portugal comply with the government's National Renewable Energy Action Plan, which foresees that 55% of the country's gross electricity consumption will be generated from renewable sources by 2030. In addition Furthermore, this project contributes to the European Commission's goals of having at least 32% of final energy consumption from renewable sources by 2030, "explains the electricity in the same press release.

. (tagsToTranslate) EDP Renewables (t) Wind Power Line (t) Portugal (t) EIB (t) European Investment Bank (t) Economy (t) Business and Finance (t) Energy (t) Alternative Energy

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