Europe backs Enel in Peru
EIB approves €126m loan for wind and solar projects totalling 312MW
The European Investment Bank (EIB) has approved a loan of more than €126m for a wind farm and solar project totalling 312MW to be developed by Enel Green Power in Peru.
The total cost of the project is €331m, with the EIB contribution standing at €126,828,443.
The money will go towards the development, construction and operation of the renewables projects.
The wind and solar plants are eligible for the loan under the EIB’s Climate Action and Environment Facility and contribute to the bank’s climate action lending objectives.