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    GAF Energy Launches New Expanded Size and Configurations for Their Roof-Integrated Solar System

    EIB financing to back 243.6 MW of wind, solar projects in Austria, Spain

    EDF Renewables and Alliant Energy complete 200-MW Iowa wind project

    Renewables contributed 41 per cent to global growth in energy demand last year: BP

    Minesto completes first installation phase of Faroe Islands tidal energy project

    Minesto completes first installation phase of Faroe Islands tidal energy project

    Spains Audax posts lower Q1 profit in part due to COVID-19

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    Southern Company forms Southern Energy Resources group, names Cummiskey Group CEO

    Southern Company forms Southern Energy Resources group, names Cummiskey Group CEO

    GE Renewable Energy to Hire Hundreds at French Blade Plant

    GE Renewable Energy to Hire Hundreds at French Blade Plant

    Ontario Power Generation awards $100m contract for hydro plant rebuild

    Ontario Power Generation awards $100m contract for hydro plant rebuild

    HYDROVISION International postponed to June 2021

    HYDROVISION International postponed to June 2021

    Brazils Copel to build 5-MW solar, biomass hybrid in Parana

    NSW solar project of 720 MW locks in grid-connection contract

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    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

    Bolivia will invest US $ 2,560 million for electricity reserves

    NorthWestern Buys Two Dot Wind Farm LLC, a 9.7-megawatt wind project Wind Project in Central Montana

    NorthWestern Buys Two Dot Wind Farm LLC, a 9.7-megawatt wind project Wind Project in Central Montana

    Sempra Energy Completes Acquisition of Majority Stake in Oncor

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    Ocean Power Technologies Launches Hybrid PowerBuoy

    Ocean Power Technologies Launches Hybrid PowerBuoy

    Tucson Electric Mulls to Supply 70% Electricity via Renewable to achieve CO2 Reduction Targets

    Tucson Electric Mulls to Supply 70% Electricity via Renewable to achieve CO2 Reduction Targets

    Adani Green Energy wins world’s biggest solar bid of Rs 45,000 crore

    Sterling and Wilson Solar Solutions bags USD 99 million solar project in US

    Sterling and Wilson Solar Solutions bags USD 99 million solar project in US

    Alpha Omega Construction Group to Offer GAF Energys Innovative Solar Roof Systems

    Alpha Omega Construction Group to Offer GAF Energys Innovative Solar Roof Systems

    Siemens Gamesa’s flagship 14 MW turbine to power 1.4 GW Sofia offshore wind power project in the UK

    Siemens: RWE invests in new control system for power plants

    Siemens: RWE invests in new control system for power plants

    Future Energy East Africa to go ahead as virtual event

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EIB financing to back 243.6 MW of wind, solar projects in Austria, Spain

in News, Solar Energy
GAF Energy Launches New Expanded Size and Configurations for Their Roof-Integrated Solar System

The European Investment Bank (EIB) said it has contributed financing to support around 243.6 MW of solar and wind projects in Austria and Spain.

The bank provided EUR 43.5 million (USD 48.7m) of EUR 96 million needed for the construction and operation of four 50-MWp solar photovoltaic (PV) parks collectively known as the La Cabrera project.

Deutsche Bank AG (ETR:DBK) and Rabobank also participated in the financing. The plants, named Cerrado Cabrera, El Primo Aleman, Hazas de los Sesenta and Los Gonzalez, are presently under construction in Alcala de Guadaira in Seville province.

The project is sponsored by German wind and solar park operator Encavis AG (ETR:CAP) and developed by UK company Solarcentury.

In a separate statement, the EIB said it is backing with EUR 63 million two wind projects developed by Austrian wind farm operator Windkraft Simonsfeld AG.

The new wind farms, the Prinzendorf III and Powi V, will have around 43.6 MW of combined capacity.

The biggest piece of the EIB financing, EUR 40.9 million, will be provided directly to the company. The remaining EUR-22.1-million loan will be provided by Austrian lender Erste Bank and guaranteed by the EIB.

Windkraft Simonsfeld will pay EUR 21 million out of its own pocket to finance the projects, the EU bank added.

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