EU backs Mexican clean power

EU backs Mexican clean power image

The European Investment Bank (EIB) has signed a memorandum of understanding (MoU) with Mexican development bank Nacional Financiera (NAFIN) to support projects that combat climate change, particularly renewables.

EIB and NAFIN are cooperating to potentially set up a credit line for renewables projects, such as photovoltaic plants and wind farms.

EIB vice-president responsible for operations in Latin America Román Escolano said: “This MoU is the first step in a promising partnership between the EIB and NAFIN, targeting new joint investment opportunities in Mexico.”

NAFIN general director Jacques Rogozinski said: “Working together with the EIB in renewable energy projects, and sharing experiences and best practices on this area, will allow NAFIN to support the federal government’s climate change goals and international commitments.”

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