Matrix Renewables secures EIB financing for Spanish solar

• Matrix Renewables secures EUR-50-million green loan from EIB for 240 MW solar farms in Spain, supporting EU's clean energy transition plan. #RenewableEnergy #EIB #SolarPower

Matrix Renewables has secured a EUR-50-million green loan from the European Investment Bank to finance the construction of five new solar farms in Spain with a total capacity of 240 MW. The plants will be located in Castile and Leon and Extremadura, regions designated as cohesion regions by the EU due to lower per-capita income. Matrix expects the solar farms to be operational by the end of 2025.

The financing aligns with the EIB's action plan to support the EU's clean energy transition plan REPowerEU. The EIB has increased the amount earmarked for REPowerEU projects to EUR 45 billion, demonstrating its commitment to promoting renewable energy projects in Europe.

How will Matrix Renewables' green loan from EIB impact Spain's solar industry?

• The green loan from EIB will provide Matrix Renewables with the necessary funds to construct five new solar farms in Spain, totaling 240 MW of capacity.
• The solar farms will be located in Castile and Leon and Extremadura, regions with lower per-capita income that have been designated as cohesion regions by the EU.
• The construction of these solar farms will contribute to Spain's renewable energy goals and help the country transition towards a cleaner energy mix.
• The financing aligns with the EIB's action plan to support the EU's clean energy transition plan REPowerEU, demonstrating the bank's commitment to promoting renewable energy projects in Europe.
• The EIB has increased the amount earmarked for REPowerEU projects to EUR 45 billion, indicating a significant investment in renewable energy projects across the EU.
• The completion of these solar farms by the end of 2025 will not only increase Spain's solar energy capacity but also create jobs and stimulate economic growth in the regions where the plants are located.