EIB considers financing wind portfolio in Greece

The European Investment Bank (EIB) has announced it is considering financing an onshore wind park portfolio in Greece.

The EIB would finance the construction and operation of a 50 MW onshore wind park portfolio comprising three wind farms located in the wider Tanagra municipality in Viotia, Greece.

According to the EIB, the development of wind energy will support EU and national targets for renewable energy generation, and contributes to security of energy supply and environmental objectives. The project will further contribute to the EIB's priority objectives for energy-sector lending related to renewable energy sources and climate action (transversal).

Recently we reported several news of the EIB financing wind projects:

• In June, EIB with Erste Bank announced they would finance the Hof/Seibersdorf wind farm project in Austria. The project had already received  €40 million (US$45.2 million) from European Fund for Strategic Investments (EFSI).
• In May, EIB was mulling providing €450 million (US$500.5 million) for the Norther offshore wind project in Belgian North Sea.
• In March, EIB announced that it was lending €36.7 million (US$41.5 million), the 75% of the total cost of the project, to Österreichische Bundesforste AG to finance the construction of a wind farm in Styria, southern Austria.