EIB Financing for Wind Farms and Rail Projects in Portugal and France
The European Investment Bank is financing the construction of two wind farms in northern Portugal, totaling 274 MW, to support national climate goals and enhance market efficiency. The project also includes the acquisition of electric and bi-mode units for regional rail services in France, promoting sustainable transport and contributing to climate action. Compliance with EU procurement legislation will be ensured for all project contracts.
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The project involves the construction and operation of two wind farms in northern Portugal, with a total capacity of 274 MW, supporting the 2030 targets of the National Energy and Climate Plan and the REPowerEU action plan. It aims to reduce carbon emissions and improve market efficiency through commercial power purchase agreements and the wholesale market.
The project will utilize 7.2 MW wind turbines connected to existing substations of the Tâmega hydropower plant via two 400 kV transmission lines. Additionally, it supports the acquisition of 10 electric multiple units and 3 bi-mode electric/hydrogen units for regional services in the Auvergne Rhône Alpes Region, France.
This will enhance passenger rail services, promote sustainable transport, and facilitate a modal shift from road to rail, contributing to climate action and environmental sustainability objectives. The EIB will ensure compliance with EU procurement legislation for project contracts.
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