EDIA Floating Solar Plants
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Approval date
15 June 2018
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Borrower
Empresa de Desenvolvimento e Infra-estructuras do Alqueva S.A
- Country
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Loan size
€ 45 000 000
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Line of action
Climate action: developing adaptation and mitigation measures
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Status
In progress
Investments within the Alqueva Multi-Purpose Project (EFMA) which foresees the installation of floating solar plants to power water pumping stations in the South East of Portugal, with the aim of reducing energy costs and the environmental footprint of EDIA’s irrigation systems. Final beneficiaries will be farmers using the Borrower’s energy and cost saving irrigation systems and, more in general, the Portuguese population who will benefit from a cleaner environment as a result of the reduction in carbon emissions.
CEB to provide €145 million to support environmental protection and MSMEs in Portugal
Press release 18 June 2018
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