The European Investment Bank (EIB) and El Corte Inglés have signed a financing agreement to implement energy efficiency measures and a digital transformation by 2024 for the well-known Spanish supermarket. In particular, the supermarket´s energy efficiency plan includes improved refrigeration, lighting and air-conditioning, and better consumption management. These interventions will apply across all Spain and they expect to save up to 176 GWh of energy and generate around 12 GWh of renewable energy a year.

The EIB’s support for this plan is in line with the European Green Deal, the REPowerEU initiative and the EU Fit for 55 package.

Read the full news here.