PRESS RELEASE

BEI/14/151

1 July 2014

EUR 150 million for climate action projects in Chile

The European Investment Bank (EIB) announces a EUR 150 framework million loan to Banco Santander Chile for financing projects contributing to climate change mitigation, especially large and medium-scale renewable energy schemes. These will include wind, solar photovoltaic, concentrated solar power and biomass projects and 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 more than EUR 6 300 million for long-term investment projects in 13 countries in the region.

Note to editor

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

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Matilde del Valle, +352 4379 83154, delvalle@eib.org

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