"The European Investment Bank (EIB) and the Spanish Energy Saving and Diversification Institute (IDAE) have concluded a finance agreement to launch a JESSICA holding fund designed to finance energy efficiency and renewable energy projects in an innovative use of EU structural funds. The agreement was signed in Madrid today by EIB Vice-President Magdalena Álvarez Arza and the Secretary of State for Energy, in his capacity as Chairman of IDAE, Fabrizio Hernández Pampaloni." (Quoted from article)