Finance
Italy's Erg secures 243-million-euro EIB loan for renewable energy projects
Published by Global Banking & Finance Review®
Posted on December 16, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 16, 2024
1 min readLast updated: January 27, 2026
Erg secures a €243M loan from EIB for renewable energy projects in Italy, France, and Germany, enhancing wind and solar capacity.
MILAN (Reuters) - Italy's Erg has secured a 243-million-euro ($254.91 million) loan from the European Investment Bank (EIB) for wind and solar energy projects in Italy, France and Germany, the renewable energy group said on Monday.
The EIB loan will cover more than the standard 50% of the total cost of projects as it is linked to REPowerEU, the European Union's decarbonisation and green energy plan, Erg said in a statement.
It will support three greenfield onshore wind farms in France, the re-powering of two existing wind farms in Italy and one in Germany, and the modernising and raising the output of seven solar power plants in Italy.
The agreement covers a total installed capacity of around 270 megawatts (MW) to meet the annual energy needs of over 200,000 families, Erg said.
($1 = 0.9533 euros)
(Reporting by Gianluca Semeraro, editing by Alvise Armellini and Tomasz Janowski)
The main topic is Erg securing a €243M loan from the EIB for renewable energy projects in Europe.
The projects are located in Italy, France, and Germany.
The loan supports wind and solar energy projects as part of the EU's REPowerEU plan.
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