Deals Counterparts

EIB commits €400 million to MYTILINEOS for 2.6GW solar PV and battery storage projects across EU

Financing Hybrid announced Greece Dec 21, 2023
EUR400M
Deal Value
2600 MW
Capacity

The European Investment Bank (EIB) has committed €400 million in financing to MYTILINEOS Energy and Metals to accelerate the development and deployment of a new portfolio of solar PV and battery storage systems (BESS) projects. This investment, totaling an estimated €2.5 billion, will add approximately 2.6 GW of capacity across Greece and other EU countries by 2027, supporting the EU's renewable energy transition and reducing dependence on fossil fuels.

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Timeline

Announced
Dec 21, 2023
Signed
Closed

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