Iberdrola renewable projects Italy

Iberdrola signs $159 M green loan with EIB

Iberdrola has signed a $159 M (€150 M) loan agreement with the European Investment Bank (EIB) to build 400 MW of wind and PV solar projects in Italy.

Eskom receives extra loan to extend power transmission grid

Eskom and Agence Française de Développement (AFD) have signed a loan agreement worth $102 million to help finance projects aimed at strengthening Eskom’s power transmission grid along the west coast of South Africa.

EBRD grants a $110M loan to Turkey

Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.

Gambia River Basin energy project loan agreement gets approval

Gambia: Gambia’s National Assembly has ratified the Multinational Loan Agreement between the Republic of the Gambia and the African Development Fund on The Gambia River Basin Development Organisation Energy Project, which includes construction of a hydro-electricity dam on the River Gambia and associated infrastructure for the evacuation of energy to four neighbouring countries.

ADB grants $1B loan for grid expansion in India

The Asian Development Bank (ADB) has granted $1 billion in financing to India’s national transmission company Power Grid Corporation of India (Powergrid) to fund renewable energy transmission and grid expansion projects.

ADB grants $600M loan for power system upgrades

Indonesia, Sumatra: The Asian Development Bank (ADB) has agreed to provide $600 million loan to Indonesia’s state electricity corporation, Perusahaan Listrik Negara (PLN), to upgrade transmission and distribution system in Sumatra.

Finland to replace 1,000 pole-mounted transformers

Nordic Investment Bank (NIB) has signed a €29 million ($31 million) loan agreement with Finnish energy company Pohjois-Karjalan Sähkö Oy to upgrade one of the largest distribution networks in Finland and improve the security of supply to the company’s customers.

Jordan awarded $72M for energy upgrades

Luxembourg: The European Investment Bank (EIB) has signed a financing agreement worth $72 million to fund the development of energy projects in Jordan.

USDA grants $46M loan to electric co-op for new substations

USA, North Dakota: Minot-based Central Power Electric Cooperative has been awarded a $46 million loan from the U.S. Department of Agriculture Rural Development that will help finance the improvement of the energy infrastructure in North Dakota.