As stated by the EIB, the operation consists in a funded/unfunded delinked risk sharing covering an existing loan portfolio to finance projects in the renewable energy and infrastructure sectors.
The aim is to provide new loans to support eligible renewable energy transactions in Spain and across Europe. The operation also contributes to the EU-wide target of 32% of energy from renewable sources in gross final energy consumption for 2030 as set out in the EU RE Directive (Directive (EU) 2018/2001). It further contributes to the national renewable energy targets, including Spain's Integrated National Energy and Climate Plan. The latter foresees for 2030 a national target of 42% renewable energy in the final energy consumption. It is envisaged for a number of projects to be located in EIB Cohesion Priority Regions. The project is therefore eligible under Article 309 (a) projects for developing less-developed regions and (c) common interest. The financing of this project would contribute to the EIB's lending priority policy on social cohesion, renewable energy and climate action.
As stated by Bloomberg, CaixaBank, S.A. provides banking services. The Bank offers portfolio management, insurance, investment advisory, international banking, and other specialist financial services. CaixaBank serves customers worldwide.
No project contacts provided at the time of disclosure.
Financial Intermediary - CaixaBank SA:
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