The European Investment Bank (EIB) has granted a €200m ($280m) loan to Iberdrola to finance part of its research, development and innovation (RDI) programme.
The investments are aimed at diversifying the company’s range of products and services and adapting existing products to new markets. The project will cover:
Networks – upgrading the distribution network with attention to workplace safety, environmental concerns and the quality of the supply;
Sustainable electricity generation – improving the operating conditions and reducing environmental impacts by rolling out more efficient generating plants and cutting emissions;
Renewable energy sources – enhancing the efficiency of the various existing technologies and developing new generating technologies;
Other technologies – sub-projects involving different transverse technologies that could be applied to other areas, such as energy storage.
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