The European Investment Bank (EIB) is providing €385 million in financing to wind energy company Alfanar to support its plans to construct 21 new wind farms in six autonomous regions in Spain.

According to the European Commission, the Juncker Plan’s European Fund for Strategic Investments guarantees the financing, allowing the EIB Group to invest in more and often higher risk operations.

The new wind farms will generate 1,491 GWh of energy per year, which is equivalent to the consumption o...

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