Major investment in the energy sector in Portugal: EIB finances Iberdrola´s three new dams and hydropower plants on the Tâmega and Torno rivers

The European Investment Bank (EIB) is financing one of the most important energy sector initiatives in Portuguese history. The EU bank will provide a EUR 650m loan to Iberdrola to support a major hydro electrical project that will increase energy storage capacity in the EU, provide services to the Iberian grid operators and ultimately facilitate the increase of the renewable share of the Portuguese energy mix. This investment will reduce the dependence of the Iberian market on fossil energy as well as CO2 emissions.
Source: Major investment in the energy sector in Portugal: EIB finances Iberdrola´s three new dams and hydropower plants on the Tâmega and Torno rivers – {feed_title}

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