EIB to invest Euro 43.5 million in the Cabrera solar project in Andalusia

The European Investment Bank (EIB) is investing Euro 43.5 million to finance the Cabrera solar project in Andalusia, an autonomous community of Spain. This investment, backed by the European Fund for Strategic Investments, will contribute to Spain’s green recovery. The Cabrera solar project includes the construction and operation of four 50 MWp photovoltaic solar plants in Alcalá de Guadaira, Seville. The construction of the project is in line with the Spanish government’s objective of generating 20 per cent of the energy needs from renewable sources by the end of 2020. Moreover, the Cabrera solar project will contribute to meeting the European Commission’s target of ensuring that at least 32 per cent of Europe’s final energy consumption is met from renewables by 2030.

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