By John Smith • Published: 28 Nov 2019 • 19:30
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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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. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
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