The European Investment Bank (EIB) has granted Nortegas Group funding of up to €80m to enable group subsidiary Nortegas Renovables to finance the construction of biomethane plants in Spain.
The financing falls under the EIB action plan to support REPowerEU, and is backed by InvestEU, an EU programme designed to mobilise over €372bn in additional investment from 2021-2027.
The project will enable the development of the first phase of Nortegas Renovables’ strategic plan, which aims to generate up to 3.5 TWh/year by 2030.
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