BNZ secures €166 million EIB loan for 700MW of European solar capacity-News-Solar Business Builder

Spanish independent power producer (IPP) BNZ has secured a €166 million (US$185.4 million) loan from the European Investment Bank (EIB) to support the deployment of 700MW of new solar capacity in Europe.

The financing is the first phase of a €500 million (US$558.3 million) loan approved by the EIB to support BNZ’s deployment of 1.7GW of new solar capacity in southern Europe by the end of 2026. This first phase will involve the construction of 17 new solar projects in Italy, Portugal and Spain, and the EIB noted that these projects will be built in regions “where per capita income is lower than EU average”.

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