We are thrilled to announce the successful financial close of a €50 million loan from the European Investment Bank (EIB). This loan will support the development and construction of a solar energy portfolio in Italy, enhancing the country’s renewable energy capacity and contributing to #Europe’s goals for reduced emissions and increased energy independence. This is a pivotal step towards becoming one of the world's largest Independent Power Producers while aligning with the EIB’s lending priorities on renewable energy, climate action and social and economic cohesion. More info: https://lnkd.in/dkpMsH4c
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Congratulations! 🎉
Product Management Executive | AI/ML & IoT Innovator | Driving Market Leadership in Renewable Energy & Cybersecurity | Expertise in Strategic Vision, Cross-Functional Team Leadership, and Data-Driven Product Development
3moCongratulations to the Recurrent Energy team on securing the €50 million loan from the European Investment Bank! This significant milestone not only boosts Italy's renewable energy capacity but also aligns with Europe's broader goals for reduced emissions and increased energy independence. It's inspiring to see such strong support for renewable initiatives that promote climate action and social and economic cohesion. What do you envision as the next steps in leveraging this investment to further enhance Italy’s renewable energy infrastructure?