EIB, Enel, and SACE Partner to Provide $300 Million Loan for Enel Colombia 

The European Investment Bank (EIB), in partnership with Enel and Italy’s Export Credit Agency, SACE, provided Enel Colombia with a $300 million loan.

The loan, issued in Colombian pesos and protected against currency exchange risks through a synthetic product, represents the first agreement between the EIB and Enel Colombia.

The funding will support the construction of two solar photovoltaic (PV) plants, Guayepo I and II, with a combined capacity of 486 megawatts (MW).

Additionally, the loan will finance essential upgrades and expansions to Enel Colombia’s distribution network, benefiting over 3.7 million customers in Bogotá.

These enhancements are part of the Bogotá Region 2030 project and are anticipated to enhance grid resilience, facilitate new connections, and support e-mobility initiatives.

Enel CFO Stefano De Angelis said, “The agreement with the EIB and SACE is a virtuous example of synergies between the public and private sector and confirms our sustainability commitment.”

He added, “This partnership adds further value to our business projects through a development strategy focused on renewables and grids, while contributing to accelerate the energy transition as well as the achievement of Sustainable Development Goals (SDGs), in line with our Group’s Strategic Plan, the Paris Agreement and the UN 2030 Agenda.”

The EIB, Enel, and SACE partnership aligns with the European Union’s Global Gateway Investment Agenda.

This loan is the first framework facility dedicated exclusively to Enel Colombia’s sustainable development efforts and highlights EIB’s broader commitment to advancing energy transitions in Latin America.