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European Investment Bank loans Iberdrola €108 million for pumped hydro upgrade in Spain

Summary by Energy Storage News
European Investment Bank has committed €108 million to upgrades at a pumped hydro energy storage (PHES) project in Extremadura, Spain.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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Energy Storage NewsEnergy Storage News

European Investment Bank loans Iberdrola €108 million for pumped hydro upgrade in Spain

European Investment Bank has committed €108 million to upgrades at a pumped hydro energy storage (PHES) project in Extremadura, Spain.

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maritimeprofessional.commaritimeprofessional.com

EIB, Iberdrola Sign Loans Totaling $122 Million for Investments in Energy Storage Infrastructure

The European Investment Bank (EIB) has signed two green loans with Iberdrola totaling USD$122 million (€108 million)—a USD$56 million (€50 million) loan using own…

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Jornal ExpressoJornal Expresso

Iberdrola and BP inaugurate the most powerful electric car chargers in the country and project investment of €75 million

The company plans to install more than 30 ultra-fast chargers of up to 400 kW in Portugal. Altogether, by the end of 2026, they plan to invest around 75 million euros in the country.

·Portugal
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atalayar.comatalayar.com

EIB and Iberdrola sign two loans totalling EUR 108 million for energy infrastructure in Extremadura

The European Investment Bank (EIB) has signed two green loans with the Iberdrola Group: one EUR 50 million with own funds and another EUR 58 million from the Autonomous Resilience Fund (FRA), i.e. a total of EUR 108 million in total, to improve the pumping capacity of the Valdecañas hydroelectric complex in Cáceres (Extremadura), which includes the Torrejón and Valdecañas power stations. The complex will contribute to ensuring the security of en…

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atalayar.com broke the news in on Tuesday, April 15, 2025.
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