Iberdrola backs global renewables plans with EUR-500m loan deal
- Admin
- Aug 2, 2024
- 1 min read
Iberdrola SA signs EUR 500 million green loan for renewable energy projects in the US, Australia, and Italy, with support from Spanish public bank and financial agency ICO, Banco Sabadell, and HSBC. The debt will be insured by Spanish export credit agency Cesce. The company aims to reach 897 MW of total financed renewable capacity by 2025-2026, following recent green bond placements and commitments to invest EUR 41 billion in networks, renewables, and storage between 2024-2026.
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