ANNOUNCEMENT 20 Jul 2011

On 20 July 2011, the EIB provided financing worth EUR 330 million (USD 471 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 20 Jul 2011 | Removal date: open ended

State loan

On 20 July 2011, the European Investment Bank (EIB) and Torresol Energy Investments signed an agreement worth EUR 330 million (approx. USD 471 million) for the project Thermosolar Valle 1&2 Spain from Spain. The total cost of the project is estimated at EUR 660 million.

According to the project description issued by the EIB, Construction and operation of two 50 MW concentrated solar thermal plants in AndalucĂ­a, Spain..

The objective of the project is defined as following: The development of renewable energy will support EU and national targets for renewable energy generation and contribute to environmental and security of energy supply objectives. Electricity generation from concentrated solar power will displace fossil fuel-fired generation and the associated emissions of greenhouse gases and other emissions (SO2, NOx)..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 

AFFECTED PRODUCTS