EIB, SocGen sign €240m French renewable projects deal

In:

Renewable energy, Traditional energy

Region:

Europe

Societe Generale and the European Investment Bank (EIB) have signed an agreement combining risk sharing and funding participation of a total of €240 million dedicated to supportin renewable energy projects.

The agreement covers new onshore wind or solar projects in France for individual projects which do not exceed €50 million. The EIB has already validated its risk sharing and funding participation in two wind projects located in Dampierre-en-Garçay, Cher department in the Centre-Val de Loire region.

These projects were developed by French company Valorem and amount to 19MW installed capacity.

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