Iberdrola gets loan for renewable energy projects

Wind Industry Profile of

The loan will be used to build almost 1 800 MW of wind farms and photovoltaic plants in various locations, most of them in rural areas / The new facilities will supply clean energy equivalent to the annual consumption of nearly 1 million households / The projects will have a significant impact in terms of their contribution to the European Union’s security of energy supply, climate action and social cohesion

The European Investment Bank (EIB) and Iberdrola have signed a new agreement to accelerate Spain’s energy transition by developing new renewable energy capacity. The EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total capacity of around 1 800 megawatts (MW). These facilities will produce green and... ... More: Official Press Release EBRD

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EBRD, Spain, Iberdrola, loan, financing, reneable energy, boost, wind farm, solar, rural area, facility, energy transition, construction, jobs