Middle East outfit Alfanar Company is seeking €385m from the European Investment Bank (EIB) to help finance 21 wind farms in Spain with a combined capacity of 547MW.
The Lanuza projects will range in size from 8MW to 50MW and comprise 163 turbines, according to the EIB.
They will be located in the Andalucia, Asturias, Castilla la Mancha, Castilla Leon and Galicia y Navarra regions of Spain.
Total cost of the wind farms will be €643m, with the developer having secured the projects in Spain’s third renewables auction last year.
The application is currently under appraisal by the bank.
Image: EIB
Europe ponders Spanish gifts
By EBS