Enel, an Italian multinational manufacturer and distributor of electricity and gas, and the European Investment Bank (EIB), through its development branch EIB Global and SACE, an Italian export credit agency, agreed on a multi-country, multi-business, and multi-currency facility of up to €600 million (~$652 million) to support sustainable energy investments in Latin America. Projects financed with this facility are expected to generate around 2,307 GWh of clean energy each year, equivalent to the annual consumption of 1.32 million households.