Romania: Hidroelectrica signs €20M...

Hidroelectrica has selected the local subsidiary of Danish wind turbine manufacturer Vestas to...

Greece and Egypt sign...

Greece’s and Egypt’s electricity transmission system operators, ADMIE and EETC, have formalized cooperation...

Bulgaria: Alexandroupoli LNG terminal...

The liquefied natural gas (LNG) terminal in Alexandroupoli, Greece, is preparing to increase...

Bulgaria secures €50.5 million...

The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support...
Supported byClarion Energy
HomeSEE Energy NewsGreece: EIB approves...

Greece: EIB approves €25.9 million green financing for Iberdrola’s Gatza wind farm

The European Investment Bank (EIB) has approved a green financing package of €25.9 million to support the construction of a new wind farm in central Greece by Spanish energy company Iberdrola.

The Gatza wind farm will be situated across the municipalities of Orchomenou and Lokron in the Viotia and Fthiotida regions. Upon completion, the project will add 22.5 MW of wind generation capacity to the country’s grid.

The funding is structured in two parts: a €10 million loan directly from the EIB and €15.9 million from the EU’s Recovery and Resilience Facility. This marks the first collaboration between the EIB and Rokas, Iberdrola’s Greek affiliate.

Once operational, the Gatza wind farm will increase Iberdrola’s total installed wind capacity in Greece to 443.5 MW, further strengthening the company’s position as one of the country’s leading renewable energy operators.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia to convert Kolubara A thermal power plant into 71 MW solar facility, public review scheduled

Serbia’s Spatial and Urban Planning Agency has announced a public review for the proposed urban and architectural plan to convert the Kolubara A thermal power plant into a solar energy facility. The project involves decommissioning the existing ash, slag,...

Romania: Hidroelectrica signs €20M maintenance deal with Vestas for Crucea Nord wind farm and plans 36 MW battery storage integration

Hidroelectrica has selected the local subsidiary of Danish wind turbine manufacturer Vestas to handle maintenance for the wind turbines at the Crucea Nord wind farm. The five-year agreement, valued at €20 million before VAT, covers full upkeep of the...

Greece and Egypt sign MoU to advance GREGY subsea electricity interconnection project

Greece’s and Egypt’s electricity transmission system operators, ADMIE and EETC, have formalized cooperation with ELICA, a subsidiary of the Copelouzos Group, through a newly signed Memorandum of Understanding (MoU) on the GREGY project. The agreement advances the GREGY electricity interconnection...
Supported byVirtu Energy
error: Content is protected !!