The European Investment Bank finances Peru's solar wind project

The European Investment Bank finances Peru's solar wind project

peru power lines

Recently, the European Investment Bank (EIB) will provide Peruvian renewable energy company Enel Green PowerPerú $ 150 million for wind farms and solar power plants under construction and in operation in the country.

It is estimated that in the first half of 2018, the two projects will have an installed capacity of 312 MW once fully operational.

The photovoltaic project will develop in the Moquegua area near the Chilean border. Once completed, it will help meet the growing electricity needs in Peru. In addition to environmental benefits, the project will help local job creation during construction and operation.

The European Investment Bank financed these projects, including among banks' priority actions to assist in environmental policies to address climate change and to promote the development of strategic projects.

"The agreement is a clear example of the EU investment bank's support for climate change projects both within and outside the EU, and in fact we have invested more in this goal than any other multilateral financial institution in the world," said the Vice President of the European Investment Bank The project is the focus of our Latin America, which will make it possible to expand Peru's clean energy production and promote new infrastructure for the benefit of the people. "

Enel, Global Head of Renewable Energy and CEO of Enel Green Power, Enel added, "The European Investment Bank's support of our two projects in Peru is a key recognition of our commitment to promoting the country's renewable energy development. Is to create value for local communities and national energy systems and to promote the sustainable development and diversification of energy structures and we will continue to promote new projects in Peru.