EDP signed two green loan agreements with the EIB, in the amount of €700 million
Lisbon, December 19th, 2024: EDP, S.A. (“EDP”) signed today two green loan agreements with the European Investment Bank (“EIB”), with a maturity of up to 15 years, in the total amount of €700 million.
The first loan agreement, in the amount of €200 million, will be used to finance investments in networks in Portugal within the 2024-26 period. This loan is the first tranche of a potential €800 million EIB funding for investments in networks, including in Spain.
The second loan agreement, in the amount of €500 million, is a framework loan under which the proceeds will be used to finance the development of a portfolio of wind and solar projects of EDP Renováveis, S.A. in Portugal and Italy, within the 2024-26 period. This framework loan is the first tranche of a potential €900 million EIB funding for wind and solar projects, including projects in Spain.
These loans revive the long-term relationship between EDP and EIB and are in line with the Group’s financial policy to extend the average maturity of its debt portfolio, reinforcing its financial flexibility.
This information is disclosed to the terms and for the purposes of article 17 of Regulation (EU) No 596/2014 of the European Parliament and of the Council.
EDP, S.A.