The social development bank in Europe

EDIA Floating Solar Plants

  • Approval date

    15 June 2018

  • Borrower

    Empresa de Desenvolvimento e Infra-estructuras do Alqueva S.A

  • Country

    Portugal

  • Loan size

    € 45 000 000

  • Line of action

    Climate action: developing adaptation and mitigation measures

  • 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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