Green funding for new wind farms in Spain

The Hyundai Tucson’s versatility secured it top spot as most popular car sold in Spain during September.

THE European Investment Bank (EIB) has offered what is known as a green loan of €50 million to a consortium made up of Spanish electric utility company Iberdrola and Caja Rural de Navarra.

The money is intended to finance the building of four new windfarms in Navarra which will be built between Cadreita and Valtierra.

The work should see the employment of around 200 people and be completed in the first quarter of 2020 as part of an ongoing EU plan to increase renewable energy

 

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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