European bank signs deal to loan ESB €100m

The ESB has signed off on a €100m loan deal with the European Investment Bank to fund its latest push to increase energy from renewable sources.

European bank signs deal to loan ESB €100m
Fri, 31 Oct, 2014 - 00:00
Ann Cahill,  Europe Correspondent

The money will be used to connect windfarms in the south-west of the country into the national grid and build five substations.

This is the second part of a €200m loan from the Luxembourg-based investment bank that is owned by the EU member states. The first tranche was signed last December.

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CourtsPlace: IrelandPerson: Managing DirectorPerson: Marguerite SayersPerson: Energy MinisterPerson: Alex WhiteOrganisation: European BankOrganisation: ESB &euroOrganisation: ESBOrganisation: European Investment BankOrganisation: EUOrganisation: Wind Energy AssociationOrganisation: Ireland
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