The European Investment Bank (EIB) has committed €400 million to support MYTILINEOS Energy and Metals’ ambitious renewable energy plans, aiming to add 2.6 GW of solar PV and battery storage capacity across Europe by 2027. The project with investment of total €2.5 billion focuses on less developed regions to support equitable growth and green transition.
EIB commits €400M to MYTILINEOS for 2.6 GW PV project
The financing will enhance the electricity grid, improve power supply management, reliability, and cater to future demand. Image Credit European Investment Bank.
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)