The European Investment Bank (EIB) is providing €55 million to Portuguese company Sonae MC for its food retail stores, which comprise a chain of hypermarkets and supermarkets, the European Commission said on January 22, noting that EIB financing will make the company’s stores more energy efficient while promoting the use of renewables.

European Commissioner for Research, Science and Innovation Carlos Moedas said that this new Juncker Plan agreement shows that reaching the ambitious EU-wide energy transition and climate action goals also means creating new jobs for people. “This is a project that we can be proud of, and I’m very glad that the EU, via the Juncker Plan, can be part of it,” he said. The agreement is expected to support the creation of more than 1,200 jobs during the implementation phase.

The agreement signed between Sonae MC and the EIB will allow the grocery retailer to install new technologies that will enhance its environmental sustainability. Sonae MC is the market leader in grocery retailing in Portugal, which owns the Continente, Continente Modelo and Continente Bom Dia stores.

 

Full article available: https://www.neweurope.eu/article/eib-promotes-energy-efficient-supermarkets-in-portugal/

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