Spanish utility Iberdrola SA (BME:IBE) mentioned on Monday that it has been granted a EUR-150-million (USD 160.8m) inexperienced mortgage from the European Funding Financial institution (EIB) to construct renewables in Italy.
The corporate plans to make use of the funds to grasp small and medium-sized wind and photo voltaic PV tasks with a mixed capability of round 400 MW. The full funding in these tasks will exceed EUR 300 million.
The websites are primarily positioned in areas of southern Italy, Iberdrola mentioned.
The utility has shut to three,000 MW within the undertaking pipeline in Italy, a 23-MW photo voltaic farm in operation and 4 licensed ready-to-build tasks totalling 116 MW, it added.
(EUR 1.0 = USD 1.072)
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