EIB provides multimillion loan for renewable projects in Chile
The European Investment Bank (EIB) has announced that a €150 million framework million loan will be made available to Banco Santander Chile for financing projects contributing to climate change mitigation, especially large and medium-scale renewable energy schemes.
These projects include biomass, wind, solar photovoltaic and concentrated solar power, in addition to transmission lines for transporting renewable energy.
This loan is being granted under the Facility for Energy Sustainability and Security of Supply (ESF). The project meets the ESF's requirements by supporting environmental sustainability, energy security and the development of renewables.
Since the beginning of its financing activities in Latin America in 1993, the EIB has provided million of dollars for long-term investment projects in 13 countries in the region.