Enel Colombia, a subsidiary of Enel Group, an Italian multinational manufacturer and distributor of electricity and gas, secured a term loan in Colombian pesos equivalent to $300 million from the European Investment Bank (EIB) in partnership with SACE, the Italian insurance and financial group owned by Italy’s Ministry of Economy and Finance. The loan, which is backed by a SACE guarantee, will be used to develop solar projects and upgrade grids in Colombia.